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    market news

    Norilsk Says Nkomati Output at 20,000 Tons per Year by End 2012

    Investing News Network
    Mar. 03, 2011 01:08PM PST
    Precious Metals

    Reuters reported that Norilsk Nickel expects output at its South Africa joint venture to almost double by the end of 2012.

    Reuters reported that Norilsk Nickel expects output at its South Africa joint venture to almost double by the end of 2012.

    The market news is quoted as saying:

    Norilsk, the world’s top nickel and palladium producer, is in a 50-50 joint venture with South African diversified miner African Rainbow Minerals and the two have collectively invested 3.6 billion rand ($524 million) to expand the Nkomati mine in the Mpumalanga province.

    To read the full market news, click here.

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