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Norilsk Nickel Attracts Loans

Norilsk Nickel holds close to a 96% domestic market share of nickel

Russia?s metals giant and the biggest gold and nickel producer Norilsk Nickel plans to attract three-year term loan facility of up to US$300 million from syndicate of western banks.

Norilsk?s market share exceeds 10% of cobalt and 3% of copper production worldwide. Norilsk Nickel holds close to a 96% domestic market share of nickel, 55% of copper and 95% of cobalt production.