DGAP-News: NORILSK NICKEL ANNOUNCES THE DISPOSAL OF ITS GOLDFIELDS OPERATIONS IN AUSTRALIA

DGAP-News: NORILSK NICKEL ANNOUNCES THE DISPOSAL OF ITS GOLDFIELDS OPERATIONS 
IN AUSTRALIA

EquityStory.RS, LLC-News: MMC Norilsk Nickel / Key word(s):
Miscellaneous
NORILSK NICKEL ANNOUNCES THE DISPOSAL OF ITS GOLDFIELDS OPERATIONS IN
AUSTRALIA

21.01.2014 / 08:12

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Moscow, January 21, 2014 - Norilsk Nickel Australia Pty Ltd, a subsidiary
of OJSC Norilsk Nickel ('Norilsk Nickel'), has entered into a definitive
agreement to sell its North Eastern Goldfields Operations in Western
Australia ('NEGO') to Saracen Metals Pty Ltd ('Saracen'), a wholly owned
subsidiary of the Saracen Mineral Holdings Limited a company listed on the
Australian Securities Exchange.

The North Eastern Goldfields Operations in Western Australia include the
open pit Thunderbox gold mine and processing facility (together 'the
Assets') and are a part of Norilsk Nickel's Australian operations earmarked
for the disposal by Norilsk as it continues to implement its new strategy
announced in October 2013.

Consideration payable by Saracen to Norilsk Nickel will include upfront and
deferred cash components and a royalty upon the commencement of production,
with a total aggregate value of up to A$40 million.

In addition, Saracen will assume all environmental rehabilitation
obligations related to the Assets.

The sale is subject to regulatory approvals and satisfaction of other
customary closing conditions and is expected to close in the first half of
2014.

 

21.01.2014

For further information, please, contact:

Media Relations:                Investor Relations:
Phone: +7 (495) 797 82 94       Phone: +7 (495) 786 83 20
Email: pr@nornik.ru             Email: ir@nornik.ru

ABOUT MMC NORILSK NICKEL:

MMC Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, MMC Norilsk Nickel produces a large number of other by-products,
including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of MMC Norilsk Nickel's group in Russia are at the
Taimyr and Kola Peninsulas. MMC Norilsk Nickel international assets include
operations in Finland, Australia, Botswana and South Africa. MMC Norilsk
Nickel's shares are traded on the Moscow Exchange. ADR's representing
shares in MMC Norilsk Nickel are traded on the over the counter market in
the US and on the London and Berlin stock exchanges.

Forward looking statements

This announcement may contain 'forward-looking statements' concerning
Norilsk Nickel. Generally, the words 'will', 'may', 'should', 'could',
'would', 'can', 'continue', 'opportunity', 'believes', 'expects',
'intends', 'anticipates', 'estimates' or similar expressions identify
forward-looking statements. The forward-looking statements involve risks
and uncertainties that could cause actual results to differ materially from
those expressed in the forward-looking statements. Forward-looking
statements include statements relating to business and management
strategies and the expansion and growth of Norilsk Nickel's operations.
Many of these risks and uncertainties relate to factors that are beyond
Norilsk Nickel's ability to control or estimate precisely and therefore
undue reliance should not be placed on such statements which speak only as
at the date of this announcement. Norilsk Nickel's assumes no obligation in
respect of, and does not intend to update, these forward-looking
statements, except as required pursuant to applicable law.


End of Corporate News

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Language:    English                      
Company:     MMC Norilsk Nickel           
             11, Bolshaya Tatarskaya st.  
             115184 Moscow                
             Russia                       
Internet:    www.nornik.ru                
ISIN:        US46626D1081                 
WKN:         676683                       
 
 
End of News    EquityStory.RS, LLC News-Service  
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248790 21.01.2014                                                      
 
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