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6 MAY 2003  

“Norilsk Nickel” has got a competitor in America

MMC “Norilsk Nickel” may fail to buy the 51% of Stillwater Mining Co. (SMC) shares. Stillwater Mining Co. is the only platinum and palladium manufacturer in the USA. SMC shareholders have got an alternative offer from an investment bank.

Last November MMC “Norilsk Nickel” concluded an agreement on 51% of Stillwater Mining Company’s shares purchase. On June 16 the shareholders’ meeting will approve or declined this agreement and on September 30 Russian company will have to pay for the purchase.




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