Norilsk Nickel has sold 2 nickel mines in Australia for $1 million

Poseidon will pay to Norilsk Nickel $1 million for Lake Johnston enterprise but total revenue of the Russian company will be $100 million. The starting payment within the transaction is $100,000 and the rest of the sum will be paid after accomplishment of a number of terms including approval of the regulating bodies. The transaction will be closed in H2 2014.

Norilsk Nickel is going to get the economic effect first of all in the form of the writing off of environmental liabilities to the Australian Government. The total sum of profit from that operation can be $100 million, a source close to the details of the transaction claims.