Mmc Norilsk Nickel : Vnesheconombank Of Russia Has Approved Project Finance Loan To Norilsk Nickel Bystrinsky Project

TIDMMNOD 
 
 
   Vnesheconombank of Russia (VEB) Supervisory Board has approved a 8 year 
loan of 5,383 billion yuan (approximately USD 0.9 bln) to LLC GRK 
Bystrinskoye, a subsidiary of MMC Norilsk Nickel (hereinafter - "Norilsk 
Nickel" or "the Company"), for the development of Bystrinsky 
polymetallic deposit in Chita region. The VEB loan is provided in the 
form of project financing on a non-recourse basis to the Company. The 
loan repayment is due to be paid from 2019 onwards. 
 
   Commenting on the VEB loan, Pavel Fedorov, Executive Director, 
First-Vice President of Norilsk Nickel has said, "In line with our 
corporate strategy, the management continues to work on further 
de-risking of Bystrinsky project and engaging with the best-in-class 
partners. With the long-term project finance loan just been secured from 
VEB, Bystrinsky project becomes fully funded until its launch. We 
believe that the partnership with VEB provides yet another confirmation 
of the high level of mutual trust between the Company and the 
government's development institutions, while the project itself 
continues to establish an important benchmark of a successful 
cooperation between the Russian government and a private business". 
 
   For information please contact: 
 
   Media Relations 
 
   Phone: [phone] 
 
   Email: [e-mail] 
 
   Investor Relations 
 
   Phone: [phone] 
 
   Email: [e-mail] 
 
   ABOUT MMC NORILSK NICKEL: 
 
   Public Joint-Stock Company Mining and Metallurgical Company Norilsk 
Nickel is a diversified mining and metallurgical company, the world's 
largest producer of nickel and palladium and a leading producer of 
platinum, cobalt, copper and rhodium. In addition, the Company produces 
gold, silver, iridium, selenium, ruthenium and tellurium. 
 
   The production units of MMC Norilsk Nickel's group in Russia are at the 
Norilsk Industrial District and the Kola Peninsula, as well as Finland. 
 
   MMC Norilsk Nickel's shares are admitted to trading on the Moscow and on 
the Saint-Petersburg Exchanges. ADR's representing shares in MMC Norilsk 
Nickel are admitted to trading on the over the counter market in the US 
and on the London and Berlin stock exchanges. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: MMC Norilsk Nickel via Globenewswire 
 
   HUG#1939538 
 
 
  http://www.nornik.ru/en/ 
 

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