OAO GMK to roll out program to increase output

Palladium Investing

OAO GMK Norilsk Nickel’s (PINK:NILSY) polar division, the mining company’s biggest earner in the past decade, will spend $20 billion by 2030 to stop production from falling, according to its head Evgeny Muravyov. At stake is the productivity a company that supplies 22 percent of the world’s nickel, a silvery metal used in stainless steel and […]

OAO GMK Norilsk Nickel’s (PINK:NILSY) polar division, the mining company’s biggest earner in the past decade, will spend $20 billion by 2030 to stop production from falling, according to its head Evgeny Muravyov.

At stake is the productivity a company that supplies 22 percent of the world’s nickel, a silvery metal used in stainless steel and batteries, and 40 percent of the world’s palladium, used in jewelry and pollution-control equipment for vehicles.

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