In order to acquire 100% of the property, Khalkos must issue 2,600,000 shares to the seller over a period of six years, with 100,000 shares at the signing of the agreement.
Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.
Shares of nickel producer Talvivaara (LON:TALV) dropped down over 10% on Friday over reports the firm had failed to solve a waste water leak at a nickel and zinc mine in eastern Finland, where nuclear safety officials confirmed to have radioactive uranium levels 50 times higher or more than normal volumes.
The board of directors of Norilsk Nickel has approved the cancellation of 9.96% of its shares held by the subsidiary NN Investment, top officials of Interros and UC RUSAL told Vedomosti.
United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.
The Krasnoyarsk regional court has deemed that Norilsk Nickel and Vladimir Potanin's Interros are affiliated bodies, thus siding with UC RUSAL's claim.
While best known for it's use in the 5 cent coin, nickel has farm more strategic uses.
MMC Norilsk Nickel has announced that the company’s board of directors has approved a reduction in investment expenditure for 2012, as proposed by the management.
At the Russia Investment Summit, Norilsk Nickel CEO Vladimir Strzhalkovsky said the company looks to obtain licenses for platinum group metals deposits in South Africa to increase its resource base.