Norilsk scales back output estimates, slates job cuts
Dec 01, 2008 | 12:54 PM
| Mick Bowen
MMC Norilsk Nickel will cut production both this year and next, along with costs, investments and jobs in 2009, as demand continues to suffer in the slowing global economy, the Moscow-based company said Monday.
Nickel production will amount to 298,000 tonnes this year, down from an earlier estimate of 300,000 tonnes to 305,000 tonnes, Norilsk said. It also trimmed its 2009 nickel production forecast to 290,000 tonnes from 305,000 tonnes.....
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