RE: 104.6 Moz Platinum equivalent resources = $124billion.2 Sep 2021 09:21
MMC Norilsk Nickel PJSC was already the No. 1 miner of the metal used in autocatalysts, but ithere a new player on the market gaining market share. Eurasia Mining are certainly raising a few heads emerging as a key player in the market. Their operations have barely missed a beat, while its main rivals in South Africa are struggling to ramp up production after shuttering mines during a national virus lockdown.
“Norilsk Nickel has always been considered as the last company to die,” however Eurasia Mining have flown under the radar and have emerged Global Markets. Additionally, they are one of the industry’s lowest-cost producers. “The pandemic only highlights it.”
By contrast, top South African miners, such as Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd., have cut their production targets, while Sibanye Stillwater Ltd. has suspended its forecasts. Some high-cost miners in South Africa, where palladium is produced as a byproduct of platinum mining, are losing money, according to Citigroup Inc.
Demand for precious metals will increase from car manufacturers in early 2021. With South African miners scaling back on new projects, it may take six to seven years for the nations palladium output to recover. Russia mining industry however will gain a larger market share and with Eurasia Mining currently up for sale for an estimated 7 billion US dollars could this be the ideal moment for Norilsk Nickel to acquire Eurasia Mining? Some in the industry think so, others believe China may buy in whole, or part. Whoever buys Eurasia Mining knows the resource in the ground will be in high demand. With NN conducting tests on Eurasia Mining ground are we looking at an offer to be placed. Hold on to your golden tickets guys.