- Adds that Russian Govt to purchase base metals from the company
- Sees "no movements" in tie-ups wtih Russian companies
- Firm to invest $1.3B in current Russian units

Other headlines for [GMKN.RU]

• GMKN.RU 12/30/2008 09:57am
  MMC Norilsk Nickel - CLS Firm states that they have repurchased RUB46.5B in company stock as of Dec 30
  
• GMKN.RU 12/27/2008 09:49am
  MMC Norilsk Nickel - CLS Former Kremlin official Alexander Voloshin appointed Chairman late friday - WSJ- Voloshin is said to be a powerful and politically-connected choice, having served as chief of staff for both President more...
  
• 12/24/2008 06:11am
  (RU) Russian Anit Trust Body: Warns energy companies that more fines are possible- States that product price fixing is unacceptable - Note: 8.19 MTL: Russia reportly fines co. RUB790M, orders 15% more...
  
• GMKN.RU 12/24/2008 04:37am
  MMC Norilsk Nickel - CLS Halts Botswana smelter for 12 days following an accident- To restart operations on Jan 5th
  
• PLUG 12/23/2008 04:26pm
  Plug Power Inc Smart Hydrogen sold 35% stake in PLUG to Norilsk Nickel subsidiary OGK-3- Transaction completed on Dec 20, 2008 - 395,000 class B shares previously owned by Smart Hydrogen automatically converted more...
  

Materials sector headlines

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  SGL Carbon Dresdner Kleinwort Wasserstein Cuts SGL.GE to Hold from Buy
  
• ROH Today 03:51am
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• RIO.UK Today 02:17am
  Rio Tinto Ltd DB Cuts RIO.UK to Hold from Buy
  
• 5406.JP Today 02:07am
  Kobe Steel Sees securities valuation loss of ¥15.8B- The Japanese steelmaker said it will book the write-down as a special loss, which could push down the company''s net earnings if not offset by special more...
  
• XTA.UK Today 01:46am
  Xstrata BofA/Merrill Lynch Cuts XTA.UK to Neutral from Buy