Norilsk Nickel still plans IPO of Bystrinsky project for 2020 - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Norilsk Nickel still plans IPO of Bystrinsky project for 2020

MOSCOW, Aug 7 (PRIME) -- Russian metals giant Norilsk Nickel still plans to hold an initial public offering (IPO) of its Bystrinsky project, in which it owns 50.01%, in 2020, a company representative told PRIME on Wednesday.

УWe are working on the project. We plan to present updated information (on the IPO) at the end of this year,Ф the representative said.

Currently, the metals giant is the operator of the project. CIS Natural Resources Fund, established by Interros of tycoon Vladimir Potanin and ESN Group of tycoon Grigory Beryozkin, has 36.66%, and consortium of Chinese investors Highland Fund has 13.33%.

Norilsk Nickel built the Bystrinsky mining and processing facility in a faraway part of Russia near the Lake Baikal at the end of 2017. Its reserves are estimated at 341 million tonnes of ore, which contains 2.3 million tonnes of copper, 9.5 million ounces of gold and 1,245 million tonnes of silver. The plant will refine 10 million tonnes of ore in 2020 after 23,000 tonnes of copper concentrate and 3.3 tonnes of gold concentrate in 2018.

End

07.08.2019 13:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 73.4989 -0.4777 22 aug
USD 66.2630 -0.5210 22 aug
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1278.13 +1.07 15:06 21 aug
micex 2674.94 +0.08 15:06 21 aug
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 230.96 -0.25 14:51 21 aug
lkoh 5276.50 -0.94 14:51 21 aug
rosn 413.65 +1.41 14:51 21 aug
sber 217.82 +0.84 14:51 21 aug
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 73.7950 -0.5225 14:59 21 aug
USDTD 66.6600 -0.1050 17:44 21 aug