Sudbury Saturday Night -- Nickel Mining & Nickel Prices Message Board

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Gold/Mining/Energy : Sudbury Saturday Night -- Nickel Mining & Nickel Prices

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From: LoneClone	3/16/2007 12:32:04 PM
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Norilsk Nickel to boost EBITDA Source: RBC metalsplace.com Thu, 15 March 2007 – Norilsk Nickel plans to increase its EBITDA by $300m-$400m in 2007, a spokesman for the company said, adding that this would be related to the Russian mining and metallurgical company's recent acquisition of the US-based OM Group's nickel assets. As a result of the $408m deal to buy OM Group's assets in Finland and Australia (non-inclusive of debt), Norilsk Nickel intends to boost its metallurgical processing capacity by 60,000 tonnes of nickel per year, and its own nickel production by 35,000-40,000 tonnes. Norilsk Nickel expects the payback time on the OM Group deal to be around a year.

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