Norilsk Nickel has announced preliminary consolidated production results for the fourth quarter and full year of 2016 as well as its production outlook for full year 2017. In Q4 2016 consolidated nickel production amounted to 58,000 tons, up by 5% QoQ. Nickel output from the company’s own Russian feed reached 53,000 tons, up by 16%…
According to Norilsk Nickel in 2017 it expects the nickel output to reach 206-211 thousand tons against 236 thousand tons in 2016. Copper output is expected to grow by 4.7-7.5% YoY, to 377-387 thousand tons. Palladium output is forecast to total 2636-2732 thousand troy ounces against 2618 thousand troy ounces in 2016. A slight reduction…
The Board of Directors of PJSC MMC Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy Project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group, on the terms defined below. As a basis for this transaction, the project is being…
The Zabaikalsky Krai governor Natalia Zhdanova has met the aide to the Norilsk Nickel vice-president Sergei Samoilov and the director of the tax department Andrei Kizimov. The parties discussed cooperation between the authorities of the Krai and the Bystrinsky Mining and Processing Works to be put into operation in Q4. “We are absolutely sure that…
A roundtable discussion featuring Norilsk Nickel representatives was held at the Russian State Duma. The event called Extreme North Industrial Facilities Modernization: Environmental Sustainability and Economic Development Avenues addressed the results of the Nickel Plant shutdown project completed by Norilsk Nickel in August. Specifically, the roundtable panel discussed the environmental benefits of the project for…
PJSC MMC Norilsk Nickel has entered into a transaction to buy copper concentrate from the state Rostec Corporation with an estimated volume of 1.5 million tons, containing base and precious metals. The transaction value will be approximately 67.5 billion rubles. The Board of Directors of the company approved of the purchase of this concentrate taking…
Kola MMC joined the Zero Environmental Impact intiative launched by The Bellona Foundation, an international environmental NGO. The purpose of the effort is to cut down the industrial emissions by means of the companies’ voluntary agreeing to short-term voluntary operation shutdown (where permitted by the production processes). The Zero Environmental Impact event was held on…
The board of directors of PJSC «MMC «Norilsk Nickel», the leading global nickel and palladium producer, approved of the company’s budget for 2017. In 2016, the company successfully completed all scheduled key investment projects including the development of high-IRR brownfield mining projects in the Polar division, the ramp-up of Skalisty mine, active construction phase of…
