Chinese consortium invests in the Bystrinsky project of Norilsk Nickel

Moscow, December 29, 2015 – MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel (“Norilsk Nickel” or the “Company”) signed the set of binding agreements with Highland Fund to invest USD 100 million in the Bystrinsky project of Norilsk Nickel.  Highland Fund (“Investor”) is a consortium established by prominent Chinese investment funds and corporations.
The Investor will acquire a 13.33% stake in the Bystrinsky project with a pre-money valuation of Bystrinsky project of USD 650 million.  Transaction proceeds will be used for project development purposes.
Commenting on the transaction, Vladimir Potanin, President of Norilsk Nickel, noted that “Partnership with a group of Chinese institutions with strong state sponsorship is aimed at unlocking the full potential of the Bystrinsky project and is in line with Company’s strategy of de-risking the Bystrinsky development by bringing high-quality partners focused on the Asian markets and external financing to ensure its successful completion despite the challenging external environment.”

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” GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC “MMC “NORILSK NICKEL” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC “MMC “NORILSK NICKEL” ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys trade over the counter in the US and on the London and Berlin Stock Exchanges.

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