MMC Norilsk Nickel / Miscellaneous - High Priority NORNICKEL TO BUY COPPER CONCENTRATE FROM ROSTEC 27-Dec-2016 / 15:35 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE NORNICKEL TO BUY COPPER CONCENTRATE FROM ROSTEC Moscow, December 27, 2016 - PJSC MMC NORILSK NICKEL (hereinafter, 'Nornickel' or the 'Company') has entered into a transaction to buy copper concentrate from the state Rostec Corporation (hereinafter, 'Rostec' or the 'Corporation') with an estimated volume of 1.5 million tonnes, containing base and precious metals. The transaction value will be approximately 67.5 billion rubles. The Board of Directors of the Company approved the purchase of this concentrate taking into consideration the fact that this transaction passes the internal rate of return hurdle applied to commercial projects. In 2016, the Russian Government transferred the copper concentrate held in safekeeping in the Norilsk Industrial Area (currently, the Polar Division of Nornickel) since the 1980s as a lump-sum property contribution from the Russian Federation to Rostec. Nornickel is planning to process this copper concentrate at its own production facilities into refined products and sell them through the Company's distribution network over the course of next several years. The volumes of refined metal that the Company is expecting to extract from this concentrate were already included in the metal production forecasts published for the years 2017-2018. The consideration will be paid to Rostec in several approximately equal tranches within four years as far as the concentrate will be processed and refined products sold by the Company. ABOUT THE COMPANY PJSC MMC NORILSK NICKEL is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium, and tellurium. The production units of Norilsk Nickel Group are located at the Norilsk Industrial District and on the Kola Peninsula in Russia, as well as in Finland. PJSC MMC Norilsk Nickel shares are listed on the Moscow and on the Saint- Petersburg Stock Exchanges. PJSC MMC Norilsk Nickel ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.
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The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg
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Language: English Company: MMC Norilsk Nickel 1 st Krasnogvardeysky av., 15 123100 Moscow Russia Internet: www.nornik.ru ISIN: US55315J1025 WKN: A140M9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; London, Nasdaq Category Code: MSCH TIDM: MNOD Sequence Number: 3724 Time of Receipt: 27-Dec-2016 / 15:35 CET/CEST End of Announcement EquityStory.RS, LLC News Service
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532953 27-Dec-2016
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PRESS RELEASE NORNICKEL TO BUY COPPER CONCENTRATE FROM ROSTEC Moscow, December 27, 2016 - PJSC MMC NORILSK NICKEL (hereinafter, 'Nornickel' or the 'Company') has entered into a transaction to buy copper concentrate from the state Rostec Corporation (hereinafter, 'Rostec' or the 'Corporation') with an estimated volume of 1.5 million tonnes, containing base and precious metals. The transaction value will be approximately 67.5 billion rubles. The Board of Directors of the Company approved the purchase of this concentrate taking into consideration the fact that this transaction passes the internal rate of return hurdle applied to commercial projects. In 2016, the Russian Government transferred the copper concentrate held in safekeeping in the Norilsk Industrial Area (currently, the Polar Division of Nornickel) since the 1980s as a lump-sum property contribution from the Russian Federation to Rostec. Nornickel is planning to process this copper concentrate at its own production facilities into refined products and sell them through the Company's distribution network over the course of next several years. The volumes of refined metal that the Company is expecting to extract from this concentrate were already included in the metal production forecasts published for the years 2017-2018. The consideration will be paid to Rostec in several approximately equal tranches within four years as far as the concentrate will be processed and refined products sold by the Company. ABOUT THE COMPANY PJSC MMC NORILSK NICKEL is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium, and tellurium. The production units of Norilsk Nickel Group are located at the Norilsk Industrial District and on the Kola Peninsula in Russia, as well as in Finland. PJSC MMC Norilsk Nickel shares are listed on the Moscow and on the Saint- Petersburg Stock Exchanges. PJSC MMC Norilsk Nickel ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.
Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru
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The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg
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Language: English Company: MMC Norilsk Nickel 1 st Krasnogvardeysky av., 15 123100 Moscow Russia Internet: www.nornik.ru ISIN: US55315J1025 WKN: A140M9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; London, Nasdaq Category Code: MSCH TIDM: MNOD Sequence Number: 3724 Time of Receipt: 27-Dec-2016 / 15:35 CET/CEST End of Announcement EquityStory.RS, LLC News Service
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532953 27-Dec-2016
