METAL DETECTIVE

Norilsk: Cawse for concern

IT IS a year since Norilsk became a major player in Australia courtesy of its LionOre Mining takeover. But an extended production outage at the Cawse operation – just as nickel prices slumped badly – has soured the Russian nickel giant’s anniversary. <b><i>The Metal Detective</i>, by Stephen Bell</b>

Stephen Bell

With nickel now fetching only a third of what it did in May 2007, some of the recent international merger and acquisition deals don’t look so smart. Norilsk, along with its United Kingdom-listed mining...

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