Mirabela secures Santa Rita hedging and Norilsk deal

HEDGING may not yet be back in vogue with the markets, despite falling commodity prices, but Mirabela Nickel today announced the final details of its copper and nickel hedge prices, along with a major new offtake deal with Norilsk Nickel.

Mirabela secures Santa Rita hedging and Norilsk deal Mirabela secures Santa Rita hedging and Norilsk deal Mirabela secures Santa Rita hedging and Norilsk deal Mirabela secures Santa Rita hedging and Norilsk deal Mirabela secures Santa Rita hedging and Norilsk deal

The offtake deal with Norilsk will see the Russian nickel major buy around 50% of the nickel concentrate produced at Santa Rita out until 2014.

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