Norilsk to Focus on Russian Operations, Shed Non-Core Assets
MOSCOW--OAO Norilsk Nickel (>> GMK Noril'skiy nikel' OAO), the world's largest nickel and palladium producer, said Thursday it plans to shed foreign and non-core assets and focus instead on its most profitable operations in Russia.
STORIES OF INTEREST
Brazil's Batista Planning to Sell Control of AUX Gold-Mining Unit-Sources
SAO PAULO--Brazilian tycoon Eike Batista is planning to sell control of his gold-mining unit AUX in a deal that could be worth billions of dollars, according to people with knowledge of the situation.
Gold Price Declines Triggered Trading Halt Early Thursday--CME
NEW YORK--Exchange operator CME Group Inc. (>> CME Group Inc) said it briefly halted gold trading on Thursday morning to prevent excessive price volatility, according to an email from a spokesman.
Aureus Secures Liberia Gold Project Financing in Tough Market
LONDON-- West African gold explorer Aureus Mining Inc (>> Aureus Mining Inc) Thursday said it has secured $100 million in financing to develop what is set to become Liberia's first gold producing mine, a sign that banks are still willing to lend to junior gold miners even as some struggle to generate cash in a volatile gold price environment.
Gold Slips to Four-Week Low as Taper Talk Persists
NEW YORK--Gold futures fell to a four-week low on Thursday as upbeat U.S. labor market data reinforced expectations that the Federal Reserve would curb its bond-buying effort.
Write to Matt Day at email@example.com