10th Nov 2016 06:45
MMC Norilsk Nickel / Miscellaneous - Medium PriorityMMC Norilsk Nickel: NORILSK NICKEL SIGNED THE CONTRACT ON SULPHUR PROJECTWITH SNC-LAVALIN 10-Nov-2016 / 08:45 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PRESS RELEASE NORILSK NICKEL SIGNED THE CONTRACT ON SULPHUR PROJECT WITH SNC-LAVALIN November 10, 2016, Moscow - PJSC «MMC «NORILSK NICKEL» (hereinafterNornickel or the Company) has signed the contract on sulfur dioxide captureproject for Nadezhda Metallurgical Plant located at the Company's PolarDivision (hereinafter NMP Sulphur Project) with SNC-Lavalin, Canada. TheBoard of Directors of the Company approved the contracton November 7, 2016. The contract is divided into two phases: developing a detailed projectdesign documentation (first phase) and execution of the project (secondphase). Decision on the second phase will be taken by the Company uponcompletion of the first phase. Contract value is approximately USD 1.7 billion excluding VAT. NMP Sulphur Project is a major environmental initiative forming an inherentpart of the Company's downstream modernization program. The project targetsa drastic reduction of sulphur dioxide emissions through implementation ofthe most efficient technical solutions. ABOUT THE COMPANY PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgicalcompany, the world's largest producer of refined nickel and palladium and aleading producer of platinum, cobalt, copper and rhodium. The company alsoproduces gold, silver, iridium, selenium, ruthenium and tellurium. The production units of «NORILSK NICKEL» Group include Polar Division,located at the Norilsk Industrial District on Taimyr Peninsula, and KolaMining and Metallurgical Company located on the Kola Peninsula in Russia aswell as Harjavalta nickel refinery in Finland. PJSC «MMC «NORILSK NICKEL shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs trade over thecounter in the US and on the London and Berlin Stock Exchanges. Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20 Email: [email protected] Email: [email protected] --------------------------------------------------------------------------- The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: MMC Norilsk Nickel 1 st Krasnogvardeysky av., 15 123100 Moscow Russia Internet: www.nornik.ru ISIN: US55315J1025 WKN: A140M9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; London, Nasdaq Category Code: MSCM TIDM: MNOD Sequence Number: 3582 Time of Receipt: 10-Nov-2016 / 08:45 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 519341 10-Nov-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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