OREANDA-NEWS. December 17, 2012. OJSC MMC Norilsk Nickel (Norilsk Nickel or the Company) has signed a Protocol of Cooperation with OJSC Russian Agency for Insurance of Export Credit and Investment (Protocol).

The Protocol, signed by General Director - Chairman of the Management Board of the Company Vladimir Strzhalkovsky and General Director of OJSC Russian Agency for Insurance of Export Credit and Investment Petr Fradkov will establish partnership and develop long-term, effective and mutually beneficial cooperation aimed at providing insurance coverage for the Company’s copper smelters construction project in Indonesia  by way of insuring export credit and investment in Indonesia against entrepreneurial and political risks.

The project involves erecting copper smelters with a throughput of up to 400 thousand tons of copper per year in the Republic of Indonesia. OJSC MMC Norilsk Nickel is currently going forward with a prefeasibility study involving Gipronickel Institute expertise.

Signing of the documents is the next step in enacting the agreements reached during the working meeting of General Director - Chairman of the Management Board of OJSC MMC Norilsk Nickel Vladimir Strzhalkovsky with the President of Indonesia, Susilo Yudhoyono during the APEC Business Summit, which took place in Vladivostok on September 8, 2012.