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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.