Russia halts Nornickel power unit after fuel spill
Company suspended operations at six facilities for 90 days.
Company suspended operations at six facilities for 90 days.
Top miner buys Honeymoon Well tenements in Western Australia from Russian nickel and palladium giant.
Over the coming months, Fitch expects nickel output to rise as prices improve and economies restart.
The board of the company has recommended creating a position of senior vice-president for sustainable development.
The company said that besides clean-up costs, it will have to deal with environmental penalties.
Key moves in the mining sector.
Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel’s facility in Norilsk.
Cause of the spill is likely a combination of both climate change and infrastructure-related factors.
Country will keep decision even as it relaxes exports of some other minerals, the director of minerals at ministry says.
The mine is on track to ramp up to 105,000 tonnes by the end of 2020.