Norilsk to Sell Australian Gold Mine to Saracen
21 Gennaio 2014 - 8:12AM
Dow Jones News
By Lukas I. Alpert
MOSCOW--OAO Norilsk Nickel (GMKN.RS) is selling its Thunderbox
gold mine and processing facility in Western Australia to Saracen
Metals Pty Ltd. for 40 million Australian dollars ($35.3 million),
Norilsk said on Tuesday.
The world's largest nickel and palladium producer put the mine
up for sale last year as it shed noncore assets to focus on
profitable operations in Russia.
Saracen, a subsidiary of Saracen Mineral Holding Ltd. (SAR.AU),
also assumes all "environmental rehabilitation obligations,"
Norilsk said.
The deal is expected to close in the first half of 2014 pending
regulatory approval.
Write to Lukas I. Alpert at lukas.alpert@wsj.com
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