Xstrata Nickel, the former Falconbridge Ltd., laid off 686 salaried and unionized employees at its mine in Sudbury last month.
The company used its 25 percent stake in Norilsk Nickel, the world's biggest nickel and palladium producer, as collateral for a $4.5 billion loan from state development bank Vneshekonombank.— The St. Petersburg Times
Mirabela Nickel is likely to secure significant funds to complete its massive South American project despite indicating that there could be risks in finalising the capital.— WA Business News - Latest News
State-controlled oil major Rosneft lost 6.6 percent on MICEX and gas export monopoly Gazprom shed 5.8 percent, but mining company Norilsk Nickel was the biggest bluechip loser, shedding 18.2 percent.— Market News
State-controlled oil major Rosneft lost 6.6 per cent on MICEX and gas export monopoly Gazprom shed 5.8 per cent, but mining company Norilsk Nickel was the biggest bluechip loser, shedding 18.2 per cent.— Market News
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