Norilsk Nickel to run US mining company

The board of directors of the Stillwater Mining Company (USA) purchased by the Norilsk Nickel Mining and Metallurgical Company, will include five representatives of the Russian company, deputy CEO of Norilsk Nickel Leonid Rozhetskin reported at a press conference.

According to him, the majority of these five directors will be independent. Norilsk Nickel will introduce its candidacies within two months. The general director of the American company will remain the chairman of the board of directors. Rozhetskin also reported that at the beginning of 2003, Norilsk Nickel was going to fulfill all conditions for the purchase of Stillwater Mining; the deal is to be executed in full in the first half of 2003.

© &to=http://www.rbc.com' target=_blank>RBC