Norilsk Nickel has connected its two mines under the second stage of the project to construct the Komsomolsky mine. The connection of the Komsomolsky and Skalistiy mines at the depth of 950 meters was carried out by ways of holing-through. According to experts, holing-through is a rare event in capital construction. It will result in…
Russian metals producer Norilsk Nickel does not rule out holding an initial public offering (IPO) of the Bystrinsky GOK ore-dressing plant project after 2020, CFO Sergei Malyshev announced. “IPO is one of the market tools for this project. A decision by shareholders whether to hold or not to hold the placement must be made. We…
Norilsk Nickel has announced that it is shutting down its copper shop in Monchegorsk. The shop will be closed in the same way the company closed a Nickel plant in Norilsk several years ago. By closing outdated manufacture the company is decreasing pollution and environment impact. In 2020 pollution is expected to decrease 2-fold compared…
Next year Norilsk Nickel intends to produce 225-235 thousand tons of nickel. The output forecast for 2021-2022 is 215-225 thousand tons, down mostly due to the repairs at Nadezhda works. Copper manufacture is expected to grow to 420-440 thousand tons in 2020, but fall to 390-420 thousand tons in 2021-2022. “B 2030 nickel output is…
Aggregate investment in a joint venture (JV) between metals companies Norilsk Nickel and Russian Platinum is estimated at $15 billion, Russian Platinum CEO Musa Bazhayev told president Vladimir Putin. Bazhayev also said that the platinum group metals reserves of the joint venture, which was at a final stage of establishment, would amount to 4,500 tons,…
The board of directors of Russian metals giant Norilsk Nickel has recommended paying 604.09 rubles per common share, or a total of around 95.59 billion rubles, in dividends for January-September. The shareholders will consider the recommendation at an extraordinary general meeting on December 16. The shareholder register for the meeting will close on November 22.…
In July-September Norilsk Nickel increased nickel output by 7% QoQ, to 57 thousand tons. In 9 months output grew by 6%, to 167 thousand tons. The volume of nickel produced of the company own raw materials went up by 6%, to 164 thousand tons. Copper output in Q3 dropped by 3% QoQ, to 121 thousand…
In January-September Norilsk Nickel net profit grew almost 2.7-fold YoY, to 389.5 billion rubles. Revenue increased by 42%, to 636.4 billion rubles. Gross profit went up by 48%, to 416 billion rubles. Sales profit reached 381.5 billion rubles, up 1.5-fold, and EBITDA – 469 billion rubles, up 2.5-fold. (Ukrainian metal)
