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July 15. At the meeting scheduled for August 8, NorNickel BoD will consider the...

July 15. At the meeting scheduled for August 8, NorNickel BoD will consider the issue about the Udokan copper field. This issue is strategically important for the BoD, although the bid for participation in the tender has already been filed, NorNickel board chairman, Vladimir Potanin said on Monday. "The Udokan issue is rather complex, the situation is competitive, and a lot of bids have been filed, including by companies owned by Mikhail Prokhorov and Oleg Deripaska", Potanin said. According to Potanin, the company’s management is to present the "essence of the transaction to the corporate governance committee, which should prepare the issue" by the next meeting. "Some of the process participants may refuse to participate in the tender", Potanin said and added that such opinions had already been expressed. Potanin also added... [read full story]                    

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