HONG KONG, Oct 8 (Reuters) - IRC Ltd, the non-precious metals
unit of London-listed gold miner Petropavlovsk Plc
IRC, which explores, develops and operates industrial commodities projects in the Russian Far East and northeastern China, originally planned to raise up to $513 million but after reducing its price, but will instead raise about $240 million, the term sheet said.
IRC's parent Petropavlovsk decided not to sell any secondary shares in IPO, according to the term sheet. (Reporting by Kennix Chim; Editing by Chris Lewis)