Ural Mining Competing With Norilsk for Nickel Deposit

Bloomberg reported Ural Mining & Metallurgical Co. bid against OAO Norilsk Nickel (LSE:MNOD) for metals deposits in central Russia’s Voronezh region.

As quoted in the market news:

The companies submitted bids for Elanskoye and Elkinskoye deposits containing as much as 448,000 million metric tons of nickel resources and 60,000 tons of copper, the Moscow-based newswire said. The results will be announced on May 15, it said. Ural Mining’s press office declined immediately to comment.

Click here to read the full Bloomberg report.