17 May 2004 05:23
Norilsk Nickel export revenue up 90%
MOSCOW. May 17 (Interfax) - Revenue from metal exports at OAO MMC Norilsk Nickel increased 90.21% to 129.3 billion
rubles in 2003 from 67.97 billion rubles in 2002, according to a company report.
Revenue from nonferrous metal exports increased 76.26% to 93.242 billion rubles in 2003, from 52.9 billion rubles in
2002.
The report also states that in October 2003 Norilsk Nickel and the
Russian State Reserves Agency signed a state contract for metal
Revenue from exports of precious metals increased 139.21% to 36.05 billion rubles in 2003, up from 15.07 billion
rubles a year earlier.
The largest buyers of nickel on the domestic market are OOO NPG
Sinergia, the Russian State Reserves Agency; and for copper - ZAO
Export revenue accounted for 90.8% of total company revenue in 2003, compared with 72.2% in 2002.
supplies. This contract will be paid for using barter and the cost of the metal will be based on market prices.
The report said that most of the company's exports go to Europe - about 95.92% of nickel exports, 97.54% of
copper and 99% of precious metals. The largest buyer of cobalt is the company NMT S.A. - accounting for about 87.41% of
exports.
Moskabelmet, ZAO Transkat, OOO Elkat and OOO TPK MetallInvestService.
The largest buyers of precious metals are OAO Credittrust, Rosbank and Moscow Delovoi Mir. [RU EUROPE ASIA EEU EMRG
MET TRD RES] rd
[Interfax] |
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