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Wednesday, 2nd February 2005 (3715 views)

Mining firm Norilsk Nickel has announced that the company is to take part in an auction for the Bamskoe deposit in Russia's Far East.<br/><br/>If successful, the company hopes to increase its resources base, with deposit resources estimated at 2.6 million ounces, according to Neftegaz.<br/><br/>Norilsk produces a host of precious metals including gold, nickel and platinum for industrial needs.<br/><br/>The company is based in Russia, but has sites in London, Switzerland and the US.<br/><br/>Other companies up for bidding include the Ural Mining and Metallurgical Company.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7709945"/>

 

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