Company Announcement: Nordgold Converts Rouble Loan to US Dollars

Nord Gold N.V. has signed cross-currency swap agreements with various banks. The total amount of the currency swap is 11 billion roubles.

Norilsk board approves $3 bln investment plan

Russian metals group Norilsk Nickel said on Thursday its board had approved its budget for 2012, which envisages investing over $3-billion in its development. The budget approval is the first step in the realisation of the company's production...

Kola Mining buys Russian gold project

Canada-based explorer Kola Mining has signed an agreement to buy the Bogunay gold property, in South Siberia, Russia, which may present the opportunity for the company to begin generating cash flow in the short term. Kola will pay 24-million...

Norilsk wins auction for large Russian deposit

The world's biggest producer of nickel and palladium, Norilsk Nickel, plans to conduct geological work with BHP Billiton on a big nickel, copper and platinum-group metals (PGMs) deposit, in Siberia, the company said on Thursday. Norilsk won...

High River buys Russian nickel deposit

TSX-listed High River Gold Mines has, through its 85%-owned Russian subsidiary, OJSC Buryatzoloto, bought the Chaya nickel deposit, in an auction held this week by the Russian Ministry of Natural Resources, the company said on Friday.

Norilsk to pay 9-month dividend of 108 rubles/share

Norilsk Nickel, the world's biggest producer of nickel and palladium, will pay 19,8-billion rubles in nine-month dividends, the company said on Monday.