The Annual General Meeting of shareholders (AGM) of PJSC MMC Norilsk Nickel was held on June 9. The AGM approved the final dividend for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately $7.83 at the RUB/USD exchange rate set by the Russian Central Bank as of April 28,…
In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year. According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors. In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)
RZhD Logistika will provide services on logistics consulting to Norilsk Nickel. The corresponding agreement has been signed within the XII international railroad business forum “Strategic Partnership 1520”. RZhD Logistika will analyze the Nornickel transport schemes and its overhaul plans, creating the consulting report on the transport model. “Logistic consulting for such a major company as…
PJSC “MMC “Norilsk Nickel” has closed its $500-million Eurobond offering maturing in April 2022 with an annual coupon rate of 3.849%. The proceeds from the issue will be used for general corporate purposes and capital investments. Sergey Malyshev, the company’s Senior Vice-president and Chief Financial Officer, commented: “With this Eurobond placement we achieved our main…
Nornickel is taking unprecedented measures to curb the impact of floods on the Doldykan River in Norilsk’s industrial area and is currently undertaking the unprecedented task of cleaning up the Doldykan River and the surrounding territory from sediments accumulated since the Soviet period. At the beginning of the flood season in 2016, Nornickel tightened its…
Talnakh Concentrator of Nornickel’s Polar Division has reached the project design parameters and capacity in line with the targets set by the modernization project. The plant’s total throughput capacity has increased by 30%, from 7.6 to 10.2 million tons of ore per year, metal losses in tailings have been reduced, while target nickel and copper…
Within the framework of the St Petersburg International Economic Forum (SPIEF 2017), Natalya Zhdanova, the governor of the Trans-Baikal territory, and Elena Bezdenezhnykh, Vice-President, State Secretary, Head of GR of Nornickel, signed a social and economic cooperation agreement. Under the agreement, the government of the region will support Nornickel’s investment projects, particularly the company’s key…
Norilsk Nickel has received a 521-million rubles loan from Sberbank for the construction of the magnetite concentrate drying shop of the Bystrinsky Mining and Processing Works. Bystrinskoye deposit is among the largest in the world as to copper, gold, silver and iron reserves. The GOK is planned to start operating in 2017 and will reach…