Nornickel exits Nkomati joint venture

MMC Norilsk Nickel signed an agreement to transfer a 50% stake in the Nkomati joint venture to the South African partner African Rainbow Minerals Limited. To date, Nkomati assets include a deposit of disseminated copper-nickel sulfide ores, an underground mine mothballed in 2015, and an open pit. Mining operations ceased in March 2021. Completion of the transaction is scheduled for 2024.