Sunday, November 23, 2008

Norilsk Nickel eyes metals plant project in Cuba

Norilsk Nickel eyes metals plant project in Cuba
18:23 | 20/ 11/ 2008

MOSCOW, November 20 (RIA Novosti) - Russian metals giant Norilsk Nickel
is considering the possibility of becoming an operator in a metals plant
construction project in Cuba, the company's CEO said on Thursday.

Vladimir Strzhalkovsky said it would take between six and nine months to
complete a feasibility study, after which Cuba would apply to Russia for
a loan to implement the project.

"I believe that Cuba has a good chance of getting it," he said.

In mid-November, Norilsk Nickel and Cuba's Cubanique signed a memorandum
of understanding on cooperation in prospecting for solid serpentinites
at Cuba's Nicaro Mines.

They also agreed to exchange specialists and share experience in mining,
marketing and environmental issues.

Norilsk Nickel is Russia's largest diversified mining and metals
company, the world's largest producer of nickel and palladium, and one
of the world's largest producers of platinum, rhodium, copper and cobalt.

It also produces gold, silver, tellurium, selenium, iridium and ruthenium.

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