P3bn Tati project crashes

Peter Reese, Norilsk Nickel International's Chief Executive, informed employees at the Tati Activox project: This decision has been taken in agreement with our fellow shareholder at Tati, the Botswana government, and follows a series of extensive internal and independent third-party reviews on the project.

The company's decision has left the group's entire workforce at Phoenix, Selkirk, Dense Media Separation project and the Activox Demonstration plant in a state of anxiety about their future.