The Russian metal giant Norilsk Nickel has successfully closed a deal of buying a 51-percent stake in the US-based Stillwater Mining Company, the Norilsk Nickel's press service reported. Stillwater additionally issued over 45.46m common stocks to be bought by a Norilsk Nickel's 100-percent subsidiary. The Russian company paid around $100m and transferred nearly 877,000 ounces of palladium for the stocks. Thus, the total of the deal equaled about $257m.
From now on, the Stillwater Board includes 9 directors, five of which are representatives of the Norilsk Nickel. Stillwater Chairman of the Board Francis McAllister claimed the deal to be unique and the one to further strengthen positions of the single producer of palladium in North and South America. Norilsk Nickel General Director Mikhail Prokhorov said, in his turn, the deal was to an advantage for both companies and the next step towards the strengthening of Russian-US relations in general.
Russian Foreign Minister Sergei Lavrov stated that Vladimir Putin and Donald Trump, as well as the military of the two countries, will never let a military confrontation spark, but...
An attack is under way against the truth-seeking social media practising data democracy. What is unacceptable is that the liars accuse the truthseekers of lying
On April 20, Russian Foreign Minister Sergei Lavrov confirmed that Russia could supply air defense systems to Syria