trending Market Intelligence /marketintelligence/en/news-insights/trending/-bY3BudgZPwQdtYDxkHJfg2 content esgSubNav
In This List

Norilsk Nickel to buy copper concentrate from Rostec for 67.5B rubles

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Norilsk Nickel to buy copper concentrate from Rostec for 67.5B rubles

PJSC MMC Norilsk Nickel struck a deal to buy copper concentrate from Rostec Corp., with a deal value of about 67.5 billion Russian rubles, payable in multiple tranches over the next four years.

The company on Dec. 27 said it will buy an estimated 1.5 million tonnes in concentrate that will be processed at its own facilities into refined base and precious metals. The volume was already included in the company's metal production guidance for 2017 and 2018.

The transaction passes the internal rate of return hurdle applied to commercial projects, the company noted.

Previously, Norilsk Nickel approved a budget of US$2 billion for 2017, including US$450 million for its Bystrinskoye copper-gold project in Russia.

As of Dec. 27, US$1 was equivalent to 60.74 Russian rubles.