Support The Moscow Times!

Norilsk Sells All of Stillwater

Stillwater Mining said Tuesday that its majority shareholder, Norilsk Nickel, sold its entire stake in the U.S. metals company.

Norilsk’s Norimet unit sold 37 million Stillwater shares publicly at $19.50 per share and the remaining 9 million shares to UB, the miner said.

Norilsk said it was selling its shares to rationalize its international business operations and focus on its core operations, in a Nov. 29 statement.

Stillwater is the only U.S. producer of palladium and platinum and the largest primary producer of platinum group metals outside of South Africa.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.