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Norilsk Nickel MMC

June 4, 2004

Further reorganisation of MMC Norilsk Nickel’s global distribution network (GDN)

Following our earlier announcement about the reorganisation of our existing distribution network, MMC Norilsk Nickel is pleased to inform you of changes in the system of metal sales and in the management structure of our Global Distribution Network.

Sales of Norilsk Nickel’s base metals in European markets go through Norilsk Nickel Europe Ltd. (London, UK). Managing Director in charge of base metal sales is David Gaddes.

Sales of Norilsk Nickel’s base metals in American markets go through Norilsk Nickel USA Ltd. (Pittsburgh, USA). Managing Director in charge of base metal sales is Yuri Sobolev.

Norimet Ltd. (London, UK) continues to sell Norilsk Nickel’s platinum group metals. Managing Director in charge of precious metal sales is Denis Lepetukha

Former President Mr. Peter Holodny left the company at the end of May. In line with GDN restructuring program the post of Norimet’s President is no longer necessary and therefore had been abolished.

As it was announced earlier, Norilsk Nickel’s distribution network will also include a company in Hong Kong for sales of Norilsk Nickel’s base metals in the Far East and Asian markets.

Norimet Ltd. will continue to operate as an investment holding company for some of Norilsk Nickel Group’s foreign investments including the stake in Stillwater Mining Company and Gold Fields Limited.

We believe that the reorganisation of our Global Distribution Network is a natural program and will further improve our levels of customer focus and service.






Copyright © 2002 JSC MMC "Norilsk nickel"

 

 

 

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