Norilsk Selling Stake in Nkomati to ARM
Russia’s Norilsk Nickel will likely be selling its 50% stake in South African nickel and platinum producer Nkomati Nickel to partner African Rainbow Minerals (ARM).
According to Business Day, “Nkomati is a 50-50 joint venture between Norilsk and ARM and ARM spokeswoman Corne Dippenaar has confirmed that ARM has a right of first refusal on Norilsk’s 50% stake in the operation should it decide to sell out.”
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