Russia: Nornickel to pay $1.8 billion of dividends for H1 2018

An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018.

The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)

Russia: Norilsk Nickel launches $2.5-billion environment protection project

Russian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said.

The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)

Russia: Norilsk Nickel working on ruble settlements with foreigners

Russian metals giant Norilsk Nickel is working on a mechanism of settlements in rubles with foreign clients who are ready for that, a representative of the company reported.

“Some clients of Norilsk Nickel expressed readiness to make settlements in rubles. We are working on this issue with them,” the representative said. (Prime/Ukrainian metal)

Russia: Nornickel allowed to expand Mayak mine

The project to construct underground mine Mayak has been approved by the State expertise service.

The mine will be able to yield 1 million tons of copper-nickel ore per year.

The project provides for underground operation only.

The construction will be financed by Nornickel itself. (Ukrainian metal)