Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  GMK Noril'skiy nikel' PAO    GMKN   RU0007288411

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

GMK Noril'skiy nikel' OAO : Statement by MMC Norilsk Nickel

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/26/2012 | 12:34pm CEST


Moscow, December 26, 2012 - OJSC MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company) announces that yesterday the Arbitration Court of the Krasnoyarsk Territory satisfied the Company's claim to rule as illegal and cancel the order of the Regional Office of FFMS of Russia in the Siberian Federal District (the RO of the FFMS of Russia in the SFD) on imposition of administrative sanctions on MMC Norilsk Nickel. The order was issued on the basis of the administrative offense report drafted by the FFMS of Russia.

According to the FFMS of Russia and the RO of the FFMS of Russia in the SFD, the Company committed law violation with respect to presentation and disclosure of information on financial markets. The administrative authorities considered that the Company's 2011 Annual Report lacked information on the remuneration of the sole executive body.

After complete and comprehensive examination of the case files, the arbitration court ruled in favour of the Company by adjudicating the imposition of administrative sanctions on the Company as illegal.

ABOUT MMC NORILSK NICKEL

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company's group in Russia are at the Taymyr and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel's shares are traded at MICEX-RTS. ADR's on the Company's shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.

26.12.2012



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on GMK NORIL'SKIY NIKEL' PAO
04/28 GMK NORIL'SKIY NIKEL' PAO : Norilsk nickel board of directors recommends fy2015 ..
04/19 GMK NORIL'SKIY NIKEL' PAO : IX Russian Business Week: Norilsk Nickel Presents it..
04/18 GMK NORIL'SKIY NIKEL' PAO : Board of directors of norilsk nickel approves sale o..
04/04 GMK NORIL'SKIY NIKEL' PAO : Mining Equipment at Polar Division Outfitted with Ne..
04/04 GMK NORIL'SKIY NIKEL' PAO : Kola MMC Completes Unique Large Ball Mill Repairs
03/24 GMK NORIL'SKIY NIKEL' PAO : Kola MMC Completes Smelter Reconstruction
03/24 GMK NORIL'SKIY NIKEL' PAO : Norilsk Nickel took part in an international meeting..
03/24 GMK NORIL'SKIY NIKEL' PAO : Norilsk Nickel’s report on corporate social re..
03/24 GMK NORIL'SKIY NIKEL' PAO : Norilsk Nickel reviewed performance of the company's..
03/24 GMK NORIL'SKIY NIKEL' PAO : Norilsk Nikel facilitates a new laboratory to be set..
Advertisement
Income Statement Evolution
More Financials