Oct 6. NorNickel has slightly raised its forecast of FY 2008 capex to USD2 bn....

Oct 6. NorNickel has slightly raised its forecast of FY 2008 capex to USD2 bn. The bulk of these proceeds are to be allocated to continuing development projects in Zapolyarie and on the Kola Peninsula, Deputy CEO of NorNickel for Finance Oleg Lobanov said during a conference call devoted to 1H 2008 financials. In June the company projected capital outlays in the range of USD 1.6-1.9 bn in 2008 vs. USD 1.3 bn in 2007. NorNickel is now buying back its shares for a total of USD 2 bn. When asked... [read full story]                    

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