Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (32002)	2/5/2007 4:08:13 PM
From: Condor	Respond to of 78424

Russia's Norilsk Nickel may be nationalised - Potanin (AFX UK Focus) 2007-02-05 12:31 GMT: Article layout: raw MOSCOW (AFX) - Russian billionaire Vladimir Potanin, who controls mining giant Norilsk Nickel, has not ruled out that the metals group could be nationalised by the government, in an interview published in the Russian edition of US weekly magazine Newsweek. "I hope that the law on private property can be sorted out. I am convinced that the State should resolve the problems that society is incapable of solving by itself, and not take on problems that the business world can handle successfully", he said. "If that happens, I will not see it as a personal tragedy, but as a change in the business climate", he added, when asked about the possibility of the Russian government buying back Norilsk Nickel shares. On Sunday, Potanin denied that the reorganisation of Norilsk Nickel's capital after the departure of CEO Mikhail Prokhorov was leading to a nationalisation of the company. Potanin also said to the Rossia channel, "It is very difficult to carry out big projects without the support of the State ... but it is not right to mix that up with the issue of nationalisations ... We should be a private operation and the State should support us." Mikhail Prokhorov stepped down as CEO last month after he was detained in France as part of a police investigation into a prostitution network. Under the reorganisation following Prokhorov's departure, his 25 pct stake in Norilsk Nickel was to be bought by Potanin. iii.co.uk