"We want to do it in about half a year, or one year after the acquisition," Kanat Assaubayev, who founded the company, told The Daily Telegraph. "All the documents are ready. Now we are doing research on whether to go to the London market or Hong Kong. There's also a possibility of listing in Toronto."
Polyus, chaired by Russian oligarch Mikhail Prokhorov, yesterday said it would sell the assets of KazakhGold back to the Assaubayev family for a total of $759m (£450m).
The deal ends a bitter fight which saw Polyus sue the Assaubayevs for $450m in June, alleging they exaggerated production figures and siphoned off money with sham contracts.
Polyus has now said it will drop its case against the Assaubayev family in London's High Court.
The Russian gold giant bought 50pc of KazakhGold in August last year, and began a reverse takeover which would have created the largest gold company on the London Stock Exchange.
But the deal quickly ran into trouble, with Polyus's lawsuit rapidly followed by the Kazakh authorities revoking approval for the reverse takeover, and Kazakh financial police launching an investigation and freezing KazakhGold's bank accounts.
After yesterday's settlement, Polyus will be left with KazakhGold's London listing, clearing the way for a second attempt at a reverse takeover.
