Moscow Times 1 March 2013
Alisher Usmanov’s iron ore and steel group Metalloinvest and Russian Technologies have offered the Udokan copper deposit to mining giant Norilsk Nickel in exchange for 4 percent of the latter’s stock, Russian Technologies CEO Sergei Chemezov told the press Thursday, Interfax reported.
“We and Metalloinvest have proposed that Udokan be transferred to Norilsk Nickel … So far the [Norilsk Nickel] shareholders have not really warmed to the deal. We’ll see,” Chemezov said.
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