Billionaire Potanin May Strengthen Grip on Norilsk After Buyback
Bloomberg reported billionaire Vladimir Potanin’s Interros Holding Co. may seek control of OAO GMK Norilsk Nickel (MCX:GMKN) after a $4.5 billion buyback.
Articles Tagged "Potanin"
Rusal Says No Talks Sale of Stake in Norilsk
Bloomberg.com reports that United Co. Rusal billionaire Chief Executive Officer Oleg Deripaska, denies any speculation that there are talks with Potanin to sell their stake in Norlisk.
Stainless steel manufacturers using less nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
Production cuts revive nickel futures
By Leia Michele Toovey- Exclusive to Nickel Investing News Xstrata, the world’s fourth-largest producer of nickel, has suspended production at its plant in the Dominican Republic. This announcement led to supply concerns. The resultant speculative buying caused nickel futures to surge 1.23 per cent on India’s Multi-Commodity Exchange, the MCX, on Monday. The most-active October contract [...]
Nickel gains steam, but is it too little too late?
By Leia Michele Toovey- Exclusive for Nickel Investing News Last Thursday, nickel rose the most in almost a month in LME trading after Industrial Metallurgical Holding said it may cut production because of this year’s price slump. Industrial Metallurgical shut its two nickel plants for 10 days at the end of July 2008 for maintenance [...]
Potanin to acquire Norilsk Nickel shares for $10b
Vladimir Potanin announced to acquire a 16.7-percent stake in Norilsk Nickel from previous business partner Mikhail Prokhorov for $10 billion. For more news, click here
