Norilsk Nickel Plans to Finish Survey of Mine in Botswana

Mining Weekly reported MMC Norilsk Nickel (LSE:MNOD) will complete airborne geophysical surveying and surface geochemical prospecting in the Tekwane area of Botswana during the first quarter of 2012.

As quoted in the market news:

The exploration zone is in the eastern part of the Tekwane area and adjacent to Norilsk’s Tati Nickel subsidiary. The Russian group owns 85% of this operation, while the remaining 15% is held by the Botswana government.

Tati Nickel comprises the Phoenix openpit and the Selkirk underground mine. Selkirk is, however, not operational, being in a state of care and maintenance. It is going to be converted into an openpit operation, and equipped with a dense-media separation plant (DMS) and a concentrator.

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