Russia, Nickel, China

China Gold goes to Russia again: the company can buy a stake in Intergeo

The largest Chinese gold mining company China Gold may buy a stake in Mikhail Prokhorov's Intergeo, which needs a strategic partner for copper-nickel projects in Tyva and the Krasnoyarsk region

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Mikhail Prokhorov sells 10% of Intergeo to Russian Direct Investment Fund and Chinese

ONEXIM Group of Mikhail Prokhorov has sold about 10% of its last metallurgical asset Intergeo, which owns the Kingashskoye copper-nickel and Ak-Sugskoye copper-porphyry deposits.

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Norilsk Nickel dispatches the first concentrate from Bystrinsky GOK to China

The Bystrinsky mining and processing plant (Bystrinsky GOK) has shipped the first batch of products in the amount of 1.5 thousand tons of copper concentrate, which was sent to the company's con

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China Gold may enter projects in Taimyr and Kyrgyzstan

As the Kommersant has found out, the Chinese state-owned company China Gold is interested in the projects of Musa Bazhaev’s Russian Platinum in Russia and Kyrgyzstan with investments of up to

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Highland Fund to restrictedly enter Bystrinsky project

Chinese Highland Fund hasn’t taken advantage of the pre-emptive right to acquire 39% of the stake in the Bystrinsky project, said Norilsk Nickel's financial director Sergei Malyshev.

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Chinese partner of Norilsk Nickel is ready to buy 2.66% in Bystrinsky project

A Chinese partner of Norilsk Nickel, Highland Fund, is ready to buy 2.66% in the Bystrinsky GOK, chief Vice-President of Norilsk Nickel, S. Malyshev, said.

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Norilsk Nickel has sold a part of Bystrinsky GOK project to investors from China

Norilsk Nickel announces of the sale of 13.3% in the “Bystrinsky GOK” project. The buyer is Highland Fund, the consortium of the leading investment funds and corporations of China.

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FAS approved the sale of 13% of Bystrinsky GOK to China

​The Government Committee for strategic investment has approved the deal on the purchase of about 13% of the Bystrinsky gold-copper-iron ore deposit by the Chinese investors, the head of FAS, I. Artemiev, said on the results of the meeting of the Committee.
In late December 2015 Norilsk Nickel announced of the sale of 13.3% in the Bystrinsky GOK for $100 mln to the consortium of Chinese investors Highland Fund. Highland Fund comprises the Hopu fund which previously focused on the Udocan deposit of A. Usmanov but preferred the Bystrinsky GOK as a project close to be put into operation.
Chinese investors may act not only shareholders but industrial partners of the Bystrinsky GOK signing the off-take contract for its products, Norilsk Nickel hopes.
After the completion of the deal on the sale of 13.3% an increase of the stake of Highland Fund to 20% is possible. The long-term plans comprise the listing of the increased (by means of the Baim deposit of Millhouse) Bystrinsky project in the Chinese stock exchange, the President and owner of Norilsk Nickel, V. Potanin, said.

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Norilsk Nickel doesn’t rule out increase in China share in Bystrinsky to 20%

Norilsk Nickel hasn’t rule out increasing the share of China in the development project of the Bystrinskoye deposit in the Trans-Baikal region to 20%, larger package is not planned to be sold, CEO of the company Vladimir Potanin told reporters.
According to him, the declared in December transaction (sale of 13.3%) is focused on partnership. The Chinese side is interested in the increase of the share to 20%, so first we will close this deal. Then we will see whether they really have an interest in increasing the share, and then we will think about what to do with the remaining part," - said Potanin.

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The Vice-President of MMC 'Norilsk Nickel' Andrey Bugrov: the Construction of Bystrinsky GOK is the most successful project of public-private partnership in Russia.

The delegation of "Norilsk Nickel", headed by the vice-president - head of the block of interaction with the authorities and the investment community - Andrey Bugrov, attended the First East Economic Forum.
On the first day of the EEF Andrey Bugrov made a presentation "The implementation of the project to develop the Bystrinsky deposit" during the session "Subsoil: extraction and processing".

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