trending Market Intelligence /marketintelligence/en/news-insights/trending/1SkJLEeJF_0f1zkSfquEfg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Norilsk Nickel secures US$800M financing to develop Bystrinskoye copper project

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Norilsk Nickel secures US$800M financing to develop Bystrinskoye copper project

PJSC MMC NorilskNickel secured a credit facility of up to US$800 million for an eight-yearperiod to finance the construction of the Bystrinskoye copper-gold-iron project in Russia.

The facility was arranged by Sberbank CIB in the form of projectfinancing without recourse to Norilsk Nickel based on financial results and economicassessment of the project.

Norilsk Nickel CFO Sergey Malyshev said, "This financingis a unique deal in the Russian market … the appeal of which for the company shareholdersis further boosted with the involvement of Sberbank, a robust financial partner."

The company's First Vice President-Executive Director Pavel Fedorovindicated in January that the company will need US$700 million in investments for the project with the companyplanning to spend 40 billionrubles for the Bystrinskoye project in 2016.

In December 2015, the company sold a 13.33% stake in the Bystrinskyproject for US$100 million to a consortium of Chinese investors, named HighlandFund.

As of April 1, US$1 wasequivalent to 68.02 Russian rubles.