Russian metals giant Norilsk Nickel has suggested the government cover 50% of spending on 85-billion ruble renovation of housing in the city of Norilsk, and subsidize construction of ice-class ships and upgrade of port infrastructure. Sources said that the Industry and Trade Ministry had preliminarily approved the company’s request for state support, the majority of…
Russian metals giant Norilsk Nickel expects nickel demand to rise by 3%, to 2.538 million tons in 2020, the company said in a statement. “Primary nickel consumption is to increase by 85,000 tons (+3%), to 2.538 million tons in 2020. Primary nickel demand in Chinese stainless steel production is to amount to a moderate 2%…
BelAZ trucks with the lifting capacity of over 130 tons will be used in the development of the Norilsk-1 deposit at the Zapolyarniy mine. The first batch of 8 trucks has already been purchased. 8 more trucks will be bought until the end of the year. When assembled the first trucks will start operating in…
Norilsk Nickel and Russian Platinum have signed an agreement in the framework of the Arctic Palladium joint venture. The agreement to create the joint venture on the basis of Taimyr platinum deposit was signed in February 2018. At that time Interros owner Vladimir Potaniun estimated his investments in the project at 250 billion rubles. In…
In 2019 Kola Company, a part of Norilsk Nickel, increased nickel output by 5%, to 229 thousand tons. Nickel manufacture of own raw materials totaled 225 thousand tons. Copper production grew by 5%, to 499 thousand tons, with 455 thousand tons produced of own raw materials. Bystrinsky GOK manufactured 43 thousand tons of copper. Nornickel…
Due to the growth of palladium price, Norilsk Nickel intends to increase ingots manufacture. The company will also sell some 3 tons of palladium from its Global Palladium Fund, which could cover 1% of the global demand. Analysts believe, the market has been overheated, while the real demand for palladium is not that large. Industry…
On December 16 an extraordinary meeting of Norilsk Nickel shareholders was held. The shareholders approved of dividends in the amount of 604.09 rubles per ordinary share ($9.48) to be paid for January-September. The total amount of dividends reaches 95.59 billion rubles ($1.5 billion). (Ukrainian metal)
Norilsk Nickel and Atomflot have concluded a long-term agreement on the icebreaker fleet services. The agreement has been concluded until 2027 with a possible prolongation until 2029. The document, which is an addendum to the current agreement signed in 2014, provides for the services of making and maintaining channels in the ice fringe of the…
