Crispian does not plan to sell further stake in Russia’s Nornickel – Ifax
Roman Abramovich's company sold $551 million worth of shares earlier this month.
Roman Abramovich's company sold $551 million worth of shares earlier this month.
The shares, accounting for a 1.7% stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares.
Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.
The need for nickel is starting to rise at a time when its price is too low to incentivize new project development.
Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year.
In 2019, Sherritt's Moa JV is expected to produce between 31,000 and 33,000 tonnes of finished nickel and between 3,300 and 3,600 tonnes of finished cobalt.
The global palladium market deficit is forecast at 800,000 ounces compared with 600,000 ounces in 2018.
Tighter emissions rules are “outweighing the weakness in global auto sales and the growing threat from EV's.
Panoramic Resources' first shipment from the Savannah mine contained 7,735 wmt of nickel/copper/cobalt concentrate valued in approximately $6.1 million.
The company’s share of finished nickel production at the Moa joint venture (JV) in Cuba and Saskatchewan, Canada was 4,294 tonnes, up 4% from last year.
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