Musk’s desire for more nickel could be a non-starter
Elon Musk may want more nickel mines, but it's the stainless sector that will decide if he gets them.
Elon Musk may want more nickel mines, but it's the stainless sector that will decide if he gets them.
Boss Elon Musk has a plea for mining companies: “Please mine more nickel.”
The company is selling its interest in Dumont to two private funds advised by Waterton Global Resource Management, for a total of up to $48 million.
The company said the measures would include anti-virus security at production sites and employee support.
Companies will cooperate in developing the Chernogorskoye platinum group metals deposit in Siberia.
Russia’s environmental watchdog demanded the mining giant pay damages of $2.1 billion after a fuel spill in Siberia.
The support package requires the company to find a buyer for nickel and cobalt produced from its Sconi project.
The Russian company said 44.5 tonnes of fuel were spilled near the village of Tukhard.
Tests, photographs and eyewitness accounts suggest diesel has reached Pyasino Lake, which Nornickel denies.
The company estimated clean-up costs to be $150 million.