Ferrous Reignites London IPO Talk

Brazilian iron ore miner Ferrous Resources has reignited talks to list itself on the London Stock Exchange, according to executives close to the process. JPMorgan Cazenove, which has run London listings for other LatAm miners including Hochschild and Fresnillo, is advising the company through the process. In 2008, Ferrous pulled its first attempt to list on the UK exchange also through JPMorgan. Ferrous Resources was formed in 2007 with a goal to acquire and develop mainly Brazilian iron ore assets. Its top managers include alumni of Vale, Rio Tinto, CSN.