Russia: Nornickel income up in H1 2019

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)

Russia: Norilsk Nickel to install 2-billion ruble air conditioning on mine

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)

Russia: Nornickel net profit up in H1 2019

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)

Russia: Nornickel output up in Q1 2019

In January-March, Norilsk Nickel increased nickel output by 3.4% YoY, to 56 thousand tons.

The manufacture of the company own raw materials grew by 2.8%, to 55 thousand tons.

The output of copper went up by 13%, to 127 thousand tons. Almost everything was produced from own raw materials. (Ukrainian metal)

Russia: ex-agency head to become vice president of Norilsk Nickel

The former head of Russia’s Federal State Property Management Agency Dmitry Pristanskov will return to metals giant Norilsk Nickel as a vice president this week.

Pristanskov used to work at Norilsk Nickel as a director for federal and regional programs from 2014 through 2016. (Prime/Ukrainian metal)

Russia: Nornickel buying machinery for Kola

In 2019 Norilsk Nickel will invest around 2.8 billion rubles in buying new machinery and equipment for Kola Iron and Steel Company.

Nornickel intends to buy 1467 pieces of various machines.

Severniy Mine will see a lot of its outdated machinery replaced, including underground dump trucks, loading machines, self-propelled drilling machines, etc. (Ukrainian metal)