LionOre looks forward to partnership with Norilsk

Dec 07, 2006 | 06:37 AM | Meghann McDonell

LionOre Mining International Ltd. is looking forward to a partnership with MMC Norilsk Nickel to help minimize operating costs at its Black Swan nickel project in Australia, the company said Thursday.

The Toronto-based company owns 80 percent of the Black Swan operation and is keen to negotiate working terms with Norilsk, Moscow, on the back of the Russian company's agreement in November to acquire OM Group Inc.'s nickel assets. As part of the $408-million deal, Norilsk will gain OMG's 20-percent interest in the Black Swan project. Norilsk's acquisition of the assets is expected to be completed in the first quarter of 2007.....

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