Despite analysts predicting that sanctions against Oleg Deripaska may cause a turmoil in the mining world, Kinross made an effort today to stand clear from such possibility.
Nornickel Mining News
The dispute is part of a long-running battle for control of Nornickel, a $30 billion company that is one of the world's top nickel producers.
After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders resurfaced earlier this month.
Nornickel, a $33 billion mining company, competes with Brazil's Vale SA for the rank of the world's top nickel producer.
Slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices.