RUSAL Can’t Make Offer For Palladium Miner

Reuters reported Rusal (HK:0486) is unable to make an offer for palladium miner Norilsk Nickel (LSE:MNOD).

As quoted in the market news:

RUSAL bought the holding in Norilsk Nickel, the world’s largest miner of nickel and palladium, for an estimated $14 billion at the top of the market in 2008, and the company is still carrying an about $11 billion debt burden as a result.

Click here to read the full Reuters report.