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Norilsk Nickel 2010 net profit nearly $5.2 bln

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Russia's largest nickel maker Norilsk Nickel's 2010 net profit reached almost $5.2 billion to IFRS, General Director Vladimir Strzhalkovsky said on Friday.

Russia's largest nickel maker Norilsk Nickel's 2010 net profit reached almost $5.2 billion to IFRS, General Director Vladimir Strzhalkovsky said on Friday.
Revenue amounted to $15 billion last year, Strzhalkovsky said on the sidelines of the St Petersburg International Economic Forum.
"The situation is as follows: Stillwater is leaving the group and it can be calculated or not and WGC-3. With WGC-3 and Stillwater revenue will be about $15 billion and net profit about $5.2 billion," he said.
Norilsk has stakes in U.S. Stillwater Mining Company and Russia's WGC-3 or Third Generation Company.
Norilsk Nickel plans to sell off most of its majority stake in platinum and palladium company Stillwater Mining in a public offering. Norilsk also plans to sell its majority stake in WGC-3 to InterRAO.

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