TIDMMNOD
Vnesheconombank of Russia (VEB) Supervisory Board has approved a 8 year
loan of 5,383 billion yuan (approximately USD 0.9 bln) to LLC GRK
Bystrinskoye, a subsidiary of MMC Norilsk Nickel (hereinafter - "Norilsk
Nickel" or "the Company"), for the development of Bystrinsky
polymetallic deposit in Chita region. The VEB loan is provided in the
form of project financing on a non-recourse basis to the Company. The
loan repayment is due to be paid from 2019 onwards.
Commenting on the VEB loan, Pavel Fedorov, Executive Director,
First-Vice President of Norilsk Nickel has said, "In line with our
corporate strategy, the management continues to work on further
de-risking of Bystrinsky project and engaging with the best-in-class
partners. With the long-term project finance loan just been secured from
VEB, Bystrinsky project becomes fully funded until its launch. We
believe that the partnership with VEB provides yet another confirmation
of the high level of mutual trust between the Company and the
government's development institutions, while the project itself
continues to establish an important benchmark of a successful
cooperation between the Russian government and a private business".
For information please contact:
Media Relations
Phone: +7 (495) 797 82 94
Email: pr@nornik.ru
Investor Relations
Phone: +7 (495) 786 83 20
Email: ir@nornik.ru
ABOUT MMC NORILSK NICKEL:
Public Joint-Stock Company Mining and Metallurgical Company Norilsk
Nickel is a diversified mining and metallurgical company, the world's
largest producer of nickel and palladium and a leading producer of
platinum, cobalt, copper and rhodium. In addition, the Company produces
gold, silver, iridium, selenium, ruthenium and tellurium.
The production units of MMC Norilsk Nickel's group in Russia are at the
Norilsk Industrial District and the Kola Peninsula, as well as Finland.
MMC Norilsk Nickel's shares are admitted to trading on the Moscow and on
the Saint-Petersburg Exchanges. ADR's representing shares in MMC Norilsk
Nickel are admitted to trading on the over the counter market in the US
and on the London and Berlin stock exchanges.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: MMC Norilsk Nickel via Globenewswire
HUG#1939538
http://www.nornik.ru/en/
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