In January-June Norilsk Nickel increased consolidated revenue by 8% YoY, to $6.3 billion. Net profit grew by 81%, to $2.997 billion. EBITDA went up by 21%, to $3.7 billion. Capital investments remained almost on the level of 2018 – $500 million. (Ukrainian metal)
Russian metals giant Norilsk Nickel is considering different options of raising money, including Eurobonds, CFO Sergei Malyshev said in a conference call. “We are considering all options that are there on the market, but there is no ready deal lying on the table,” he said. The board of directors of Norilsk Nickel has recommended paying…
Metals giant Norilsk Nickel plans to install Russia’s first, 2-billion ruble air conditioning on the Taimyrsky mine, the company said in a statement on August 8. The launch is scheduled for July-September 2020. The total consumed electric power capacity is planned at 6 megawatts. Similar systems are used in China and Poland. (Prime/Ukrainian metal)
Norilsk Nickel has created modern operational control centers at the Komsomolsky and Taimyrsky mines. The centers allow controlling mining work in real mode and are responsible for the planning of mining operations at all the horizons. Until the end of the year such centers will be created at the Salisty and Mayak mines. Earlier a…
Russian metals giant Norilsk Nickel still plans to hold an initial public offering (IPO) of its Bystrinsky project, in which it owns 50.01%, in 2020, a company representative reported. “We are working on the project. We plan to present updated information on the IPO at the end of this year,” the representative said. Currently, the…
In January-June Norilsk Nickel received 201.86 billion rubles of net profit, up 2.3-fold YoY. Revenue grew by 41.6%, to 397.19 billion rubles. Gross profit went up by 46%, to 259.56 billion rubles, and sales profit – by 51.2%, to 235.97 billion rubles. EBITDA increased 2.3-fold, to 254.33 billion rubles. (Ukrainian metal)
Norilsk Nickel will diversify its manufacture by starting producing spare parts for electric cars. Earlier the company has agreed with BASF to start producing accumulator materials at Harjavalta in Finland in late 2020. “We have a whole layer of new clients coming to the market. This is due to the appearance of new economy industries…
Interros holding Russian tycoon Vladimir Potanin and aluminum giant UC RUSAL of tycoon Oleg Deripaska are not discussing any adjustments to the dividend policy of metals giant Norilsk Nickel, a source in Interros reported. “There was a suggestion from Interros, but it did not satisfy some of Norilsk Nickel’s shareholders. The issue is not discussed…