Russian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…
Vladimir Potanin, one of the major shareholders of the Russian metals giant Norilsk Nickel, had rejected the so-called “shootout” for control over the company before the U.S. imposed sanctions against co-owner Oleg Deripaska, he said in an interview with The Financial Times released on April 13. “The destiny of a company like Norilsk Nickel, of…
Russian tycoon Oleg Deripaska, President and core beneficiary of troubled aluminum giant UC RUSAL, has declined to be nominated to the board of directors of another metals giant Norilsk Nickel, a spokesperson for the company reported on April 12. “Oleg Deripaska has declined to be nominated to the board of directors of Norilsk Nickel, we…
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, was included in a list of candidates to a new board of directors of metals giant Norilsk Nickel, Norilsk Nickel said in a statement on April 5. RUSAL, which owns 27.8% in Norilsk Nickel, nominated a total of five people to the company’s board,…
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)
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…
The Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…
In 2017 Norilsk Nickel received $9.1 billion of revenue, up by 11% YoY, mostly because of the metal price growth. EBITDA grew by 2%, to $4 billion. The company net profit totaled $2.1 billion, down by 16% YoY. Capital investments increased by 17%, to $2 billion. Nornickel net debt as of late 2017 grew to…