Lonmin, the London-listed metal-mining group, could receive an offer from competitor Polyus Gold of Russia. A bid could come in at £30 per share. The Independent's market report also said that Russian giant Norilsk (Polyus' parent) could also be in the frame as a bidder at that level. UK-based AngloAmerican has denied it is a suitor. A Seymour Pierce analyst said that he thought it unlikely that a bid would come from the Russians. He cited antitrust concerns due to their combined strength in the palladium market and pointed out that Russia had a number of other, less expensive, gold assets. Lonmin shares rose to £24.54, up 195p, giving the business a market value of £3.49bn.