Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (14)	10/31/1997 5:37:00 PM
From: VAUGHN	Respond to of 221

To All A story on Reuters today that may be of interest to anyone who thinks that ore could not be mined and shiped in bulk from an Arctic port. Russia's Norilsk says to deploy ice-breakers soon Reuters Story - October 31, 1997 15:28 %RU %LDC %EMRG %EEU %WEA %MET %SHP %GDM %GOL %STL NKEL.RTS V%REUTER P%RTR -------------------------------------------------------------------------------- MOSCOW, Oct 31 (Reuters) - Waters around the Russian port of Dudinka, which serves the flagship mining and metals combine of the Norilsk Nickel group, are due to freeze over soon, a group spokesman said on Friday. Igor Plotnikov said ice-breakers would be deployed to clear a way for ships to get metals produced at the combine to world markets. "In a week or so we are expecting the waters to ice over, and the ice-breakers will start to operate," he said. "Water levels (along the Yesinei river) have fallen, and this will probably last throughout the winter," he added. Plotnikov said on Thursday that metal shipment capabilities were at least 20 percent below normal levels due to the low waters along the river, on which the Dudinka lies. Having spoken with the transport section at the Norilsk combine, located in the Arctic town of Norilsk, he said metal deliveries could fall as a result of low waters, but declined to specify by how much. "I can confirm that deliveries will be lower (than normal), but I cannot confirm that this will be by 20 percent," he said. Plotnikov said water levels tended to fall at around this time every year, but that the extent of the falls varied. "The fall in water levels is not always by the same amount." Norilsk's flagship combine produces the bulk of the group's metals, and is a key supplier of nickel, and to a lesser extent copper, to the West. Regards