These are 2016’s top platinum- and palladium-producing countries, as per new data from the US Geological Survey.
By Jocelyn Aspa
Norilsk Nickel (MCX:GMKN) has begun purchasing palladium on the market in a move the company says is designed to reduce volatility.
As quoted in the news article:
Sergei Dubovitsky, vice-president at the Russian mining group, said that Norilsk had begun “pilot” purchases of palladium through the Global Palladium Fund, which it created this
By Jocelyn Aspa
Norilsk Nickel (MCX:GMKN) has announced that upon completing all preceding loan granting conditions, GRK Bystrinskoye LLC received the first tranche as part of the credit line for the implementation project of Bystrinsky GOK construction project.
Sergey Malyshev, senior vice president, said:
The Company, as we stated before, has now fully secured the Bystrinsky GOK Project
The Financial Times reported that Pavel Fedorov, vice president of major nickel producer Norilsk Nickel (MCX:GMKN), has warned that nickel prices are unlikely to rise unless “lossmaking producers start to shut mines and close production.”
Mining Weekly reported that South Africa’s National Union of Mineworkers (NUM) has signed a three-year wage deal for the Nkomati nickel mine.
Norilsk Nickel announced that OJSC MMC Norilsk Nickel (MCX:GMKN) and the Federal Customs Service of the Russian Federation signed a cooperation agreement.
Norilsk Nickel (MCX:GMKN) stated that Russia’s central bank has agreed “in principle” to sell some of its palladium stocks to a fund of investors led by the company, according to Reuters.
Norilsk Nickel (MCX:GMKN) announced that it has signed a cooperation agreement with the Federal Service for Environmental, Technological and Nuclear Supervision (Rostechnadzor).
Norilsk Nickel (MCX:GMKN) announced that it has commenced pilot operations at its Arctic-based Talnakh concentrator plant after the first stage of an upgrade to improve productivity.