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Norilsk Nickel profits more than double
Russian mining giant OAO Norilsk Nickel said Friday that its 2006 net profit more than doubled with help from higher nickel prices, as Canadian miner LionOre expressed support for Norilsk’s $6.36 billion takeover bid.
Net profit rose to $5.99 billion (4.44 billion euros) from $2.36 billion, Norilsk said. Profits also got a one-time boost from discontinued [...]
