Nickel – Reuters reported that in a revision to the deal originally laid out, Russian tycoon Roman Abramovich will pay the firms of Vladimir Potanin and Oleg Deripaska directly for his stake in Norilsk Nickel (MCX:GMKN). Analysts have said that means the money won't go to minority investors and that Norilsk will likely have to borrow money in order to increase dividends as it has promised.
Palladium – Reuters reported Norilsk Nickel's (LSE:MNOD) owners have resumed talks to settle their dispute may possibly hand over control to Vladimir Potanin.
Nickel – Bloomberg.com reports that Norlisk shareholders, in a vote on Thursday, effectively blocking Vladimir Potanin and his challenger Oleg Deripaska from controlling Norlisk. Both men have been accused of trying to use Norlisk for their own ambitions. The story is quoted as saying: Both men have spent the past months courting minority investors, who own a [...]
Mining companies operating within the nickel; tantalum and potash industries find headlines because of organizational restructuring, while many resources investors continue to watch with interest as the growing oil spill in the Gulf of Mexico generates massive speculation.
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