COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

RUSSIAN METALS PRODUCER

INCREASES ITS OUTPUTRussian metals producer Norilsk Nickel "somewhat increased" its nickel output in January-July from the same period in 1994, Norilsk's technical director Boris Gulevich told Interfax News Agency.

Mr. Gulevich also said that Norilsk produced 2 percent more copper in the first seven months of this year vs. the same period of 1994. However, he said copper output was only 86 percent of the production target for the period.

He gave no outright figures for metal production so far this year. Earlier this year, Norilsk Nickel announced total 1994 nickel production was 171,000 metric tons and total group refined copper output was 313,800.

Mr. Gulevich said last month Norilsk's copper output in the first half of this year was below expectations, because nickel content in ore mined from the Taimyr peninsula had increased while copper content had fallen.

CANADIAN FIRM TO SEEK

GOLD IN MYANMAR

SINGAPORE - The Myanmar Department of Geological Survey and Mineral Exploration has signed a deal with Canada's International Panorama Resource Corp. for gold exploration in northern Myanmar, China's state-owned Xinhua news agency said.

The company is to conduct prospecting, exploration and a feasibility study for developing gold resources in Pyinmana region, the agency reported, quoting an official daily, The New Light of Myanmar.