/REUTERS, London, October 31, 05/ - KazakhGold is aiming to raise about 100 million pounds ($178 million) by floating around a quarter of the company, a source close to the situation said on Monday, as the firm said it was seeking a London listing.

KazakhGold, the parent company of Kazakh-based gold miner Kazkhaltyn, said on Monday it intended to launch a public offering of global depository receipts on the London Stock Exchange.

The source told Reuters the company expected to float in late November after a month-long roadshow.

($1=0.5608 pound sterling)

[2005-10-31]