Norilsk Shelves Tati Activox Plan On Cost Worries

No Image

The world's biggest nickel producer, Norilsk Nickel, has indefinitely postponed plans for a project to refine nickel using Norilsk's patented Activox technology at the Tati Nickel operation in Botswana, after deciding that the cost of the project would outweigh the benefits.

Internal and third-party reviews had indicated "a substantial cost escalation" from a 2006 forecast of $498-million, the company said.

Norilsk acquired the technology and 85 percent of the Tati mine when it bought Canada's LionOre Mining last year.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up