Member access

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

News SummaryMost relevantAll news 

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

12/26/2012 | 06:34am US/Eastern

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.


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.


distributed by
8h ago GMK NORIL'SKIY NIKEL' : Norilsk Nickel takes part in XI annual Donors Forum conf..
8h ago GMK NORIL'SKIY NIKEL' : Senior executives meeting of Norilsk Nickel’s secu..
2d ago GMK NORIL'SKIY NIKEL' : Norilsk nickel management board discussed interim divide..
10/17 GMK NORIL'SKIY NIKEL' : Norilsk nickel and bcl ltd entered into definitive agree..
10/02 GMK NORIL'SKIY NIKEL' : Norilsk Nickel received XI Open Annual Report Competitio..
10/02 GMK NORIL'SKIY NIKEL' : Kola MMC upgrades hauling engines at Severny mine
10/01 GMK NORIL'SKIY NIKEL' : Norilsk Nickel reviews Taimyr gas condensate processing ..
09/30 GMK NORIL'SKIY NIKEL' : Norilsk Nickel approves code of conduct for Board member..
09/30 GMK NORIL'SKIY NIKEL' : Norilsk Nickel presented its vision of social security s..
09/29 GMK NORIL'SKIY NIKEL' : Norilsk Nickel relocated its Head Office
Dynamic quotes