Norilsk Nickel focuses on Russian assets
Edited by Rhod Mackenzie / 2014-07-21 01:02:53
Norilsk Nickel intends to sell almost all its foreign assets and to focus on first-class Russian assets in Taimyr, the Interfax reports
In July, the company announced the sale of another batch of its assets in Australia. Besides, Norilsk Nickel is preparing to announce transactions on its African enterprises. Due to the sale of its foreign assets, the company plans to raise $1 billion by 2016, which will be paid to shareholders in the form of special dividends.
The company, which previously was actively interested in projects abroad, including deposits in Zimbabwe, Argentina, Peru and Cuba, couldn’t find projects, on whose work will be as effective, as in its traditional territory of its presence.
