The Conversation (0)
World’s top nickel and palladium miner, Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel), has announced its return of profit in 2009. Net profit reached $2,65-billion versus a revised loss of $555-million in 2008.
Norilsk was quoted saying:
“Labour expenses decreased by 25% compared to 2008 as a result of our cost-cutting programme and the effect […]
World’s top nickel and palladium miner, Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel), has announced its return of profit in 2009. Net profit reached $2,65-billion versus a revised loss of $555-million in 2008.
Norilsk was quoted saying:
“Labour expenses decreased by 25% compared to 2008 as a result of our cost-cutting programme and the effect of (currency) translation … Other savings were driven by the placement of Australian nickel assets on care and maintenance mode.”