Norilsk Nickel moves its Australian Lake Johnston enterprise to sleep mode

Norilsk Nickel moves its Australian Lake Johnston enterprise to sleep mode, within realization of the program for reduction of production expenses. In the beginning of February, they revealed that Norilsk Nickel was going to sell its mine Lake Johnston due to its unprofitability under the current metal price. A source in the company explained then that if company failed to sell it then it would move it to sleep mode. The experts valued Lake Johnston by up to $300 million then.