Polymetal, the Russian producer of gold and silver metals which is believed to be worth about £3.5 billion, have announced that they are set to be listed on the London Stock Exchange, which investors are already predicting will skew the FTSE 100 further towards miners and a host of other emerging markets.

The chief executive of the company is expecting increased success and growth within the gold market, thus they believe that moving the company’s listing from Moscow will allow them “easier access to funding, improved liquidity [and] a wider investor base”.

Current shareholders in the precious metals company will see their shares transferred to a Jersey-based holding company named Polymetal International, with the company also planning to raise money to buy out those who don’t want to exchange the shares.

Bobby Godsell, the industry veteran and former chief executive of AngloGold Ashanti, is going to chair the company but the timing of the switch-over has raised a number of eyebrows.

Silver has been dropping recently however, but chief executive Vitaly Nesis commented “Gold is going only one way, which is up, because the printing presses in Europe and the US keep pumping” he said, referring to central banks’ bouts of quantitative easing.

Chris Searle, a partner at accountants BDO, added “Investors still have a healthy degree of scepticism concerning Russian companies, and the volatile market conditions we have seen this year will not have helped. Although one would expect a gold company to have a higher chance of success in these markets, many institutions are likely to be fully invested in gold companies.”