Russia: Nornickel allowed to expand Mayak mine

The project to construct underground mine Mayak has been approved by the State expertise service.

The mine will be able to yield 1 million tons of copper-nickel ore per year.

The project provides for underground operation only.

The construction will be financed by Nornickel itself. (Ukrainian metal)

Russia: Nornickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…

Russia: Norilsk Nickel to spend 1 billion rubles on geological survey in 2018

Russian metals giant Norilsk Nickel plans to spend over 1 billion rubles on geological exploration in 2018, Vice President Yelena Bezdenezhnykh said.

“This year investments are 13% higher than in 2017 in terms of geological exploration volumes,” she said. “This is over 1 billion rubles.” (Prime/Ukrainian metal)

Russia: Interros buys 2.1% of Norilsk Nickel

Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…

Russia: Potanin to buy Abramovich stake in Nornickel

Vladimir Potanin’s Interros Holding has offered Crispian Investments Ltd, affiliated with Roman Abramovich and his partners, to buy its share in Norilsk Nickel.

Interros already has 30.3% in Nornickel. Rusal owns 27.8% and Crispian Investments – 4.95%.

The cost of the shares that Interros wants to buy is estimated at 90 billion rubles. (Ukrainian metal)

Russia: Norilsk Nickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…