Norilsk, Trafigura May Cooperate on Acquisitions, Sprogis Says
Bloomberg reports that Norilsk Nickel (LON:MNOD) may cooperate with Trafigura Beheer BV to seek acquisitions or develop projects.
Bloomberg reports that Norilsk Nickel (LON:MNOD) may cooperate with Trafigura Beheer BV to seek acquisitions or develop projects.
Reuters Africa reports that on Monday, United Company Rusal Plc (HKG:0486) has withdrawn its earlier objection to Norilsk Nickel's (LON:MNOD) plan to buy back common shares.
Bloomberg reports that Norilsk Nickel (LON:MNOD) rallied the most in five weeks in Moscow trading after it increased its offer to buy back shares from United Co. Rusal (ETR:R6L1) in a bid to end an ownership feud.
Nickel is a lustrous silvery-white, corrosion-resistant metal with a reddish tinge that has been used for thousands of years. A commonly over looked presence of modern day life, nickel is used in applications in buildings and infrastructure, household equipment, chemical production, and energy supply, to name a few.
Mineweb.com reports that Norilsk Nickel (LON:MNOD) has announced preliminary consolidated production results for Q4 and 2010.
Mineweb.com reports that Norilsk (LON:MNOD) decided to sell its' majority ownership in Stillwater mining (NYSE:SWC).
RiaNovosti.com reports that Vladmir Potanion, one of Norlisk (LON:MNO) Nickel's core shareholders, is still hopeful that a merger Russia's largest miners could still be accomplished, despite recent setbacks.
The global nickel market will be in a slight deficit this year, reports metal consultant Metalytics Ltd, as demand is driven by increases in the steel market.
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