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26 APRIL 2004  

MMC Norilsk Nickel won’t need partners in case it gets the Sukhoi Log deposit

OJSC MMC Norilsk Nickel plans to sell all the metal produced in 2004. This information was provided by the deputy chairman of MMC Norilsk Nickel board Leonid Rozhetckin. He mentioned that in case the company manages to buy the Sukhoi Log gold deposit it won’t need a partner in the deposit development. The company is able to explore the deposit independently.

The resources of Sukhoi Log were estimated in 1977 and they are expected to amount to over 1000 tons of gold.

There are several companies that have announced their intentions to participate in the tender. They are MMC Norilsk Nickel, Polimetall, Base Element, Barrick Gold Companies and Fleming Family & Partners.



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