LONDON, May 10 (Reuters) - Russian miner Petropavlovsk (POG.L) plans a Hong Kong initial public offering (IPO) for its iron ore business, the Financial Times reported in its Monday edition citing people familiar with the matter.
Petropavlovsk's Chief Executive Pavel Maslovsky told Reuters in March that the miner was considering a Hong Kong listing to help finance the development of its iron ore mines in the country's far east.
The paper said the listing could value the iron ore unit at $1.5 billion dollars. Petropavlovsk could not immediately be reached for comment.
The company formerly known as Peter Hambro Mining, which is already listed in London, is one of several Russian resource firms to have expressed interest in a possible Hong Kong listing following aluminium giant RUSAL's January float.
(Reporting by Caroline Copley; Editing by Diane Craft)