Thursday, May 19, 2005

Institute Gipronikel concluded a contract with Samsung

Institute Gipronikel (forms Nornickel) concluded the contract with Korean corporation Samsung to estimate investment expenses to restore ferronickel plant in Kosovo (former Yugoslavia). The contact's sum is not made known. By order of Samasung, the institute will also study current state of world ferronickel market with long-term forecast. The institute explained, Samsung addressed to them as Gipronikel had designed the Kosovo enterprise in 70s (at that moment, with capacity of 10-11 thousand tones of nickel a year). During the war in Yugoslavia, the facilities had been ruined. Presently, Samsung investigates the possibility of its purchase.

"Kommersant. Sankt-Peterburg" (Saint Petersburg), 19.05.05

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