Mining giant Norilsk Nickel is considering swapping some of its shares for Metalloinvest's Udokan copper field, Kommersant reported Thursday.
Norilsk Nickel shareholders — Interros, RusAl and Millhouse Capital —are discussing the price of the license to develop the largest undeveloped copper deposit in Russia, according to three sources familiar with the situation, Kommersant reported.
"The talks began in December," one source said. According to the source Metalloinvest wants to obtain Norilsk Nickel shares instead of cash.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
