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Bloomberg reported that Norilsk Nickel OAO (MCX:GMKN), the biggest nickel and palladium producer in the world, now has a new CEO and management team and is setting its sights on developing its operations in Northern Russia.
Bloomberg reported that Norilsk Nickel OAO (MCX:GMKN), the biggest nickel and palladium producer in the world, now has a new CEO and management team and is setting its sights on developing its operations in Northern Russia.
As quoted in the market news:
‘We will be looking at opportunities to optimize our portfolio of assets, including our international operations, with a key strategic focus on the sustainable increase of the firm’s return on capital,’ Norilsk Deputy CEO Pavel Fedorov, head of strategy and business development, said in an interview in Moscow. ‘Enhancing the efficiency and capitalization of our key Polar Division would be at the heart of the new strategy.’