In January-June the Norilsk Nickel palladium investment fund Global Palladium purchased some 5 tons of metal (170 thousand troy ounces). “The purchase volume in H2 will depend on the market situation”, the company CFO Sergey Malyshev reported. According to him, the fund has been working quite actively, with revenue up 2-fold YoY. (Ukrainian metal)
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. Consolidated revenue increased by 11% YoY, to $4.2 billion primarily owing to higher realized metal prices. EBITDA dropped by 3%, $1.7 billion primarily owing to RUB appreciation against USD and…
Russian retailer Magnit and metals giant Norilsk Nickel were put on Forbes’ list of the world’s 100 most innovative companies, according to a statement on Forbes’ Web site. Magnit obtained the 53rd place on the list and Norilsk Nickel holds the 63rd position. Software developer Salesforce regained the top spot as the world’s most innovative…
As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…
Construction of a crane trestle has been completed at the smelting shop of Kola MMC (Nornickel Group). The engineering structure will optimize the operation of hoisting-and-conveying equipment in the shop and avoid scheduled downtime. Three overhead cranes serving shop’s main aisle are intended for charging materials into converters and casting of converted matte. According to…
Nornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…
Norilsk Nickel has reevaluated the reserves of the Bystrinskoye deposits in the Zabaikalye region. According to a company representative, combined ore and metal reserves increased by 10-25%. After the reevaluation copper reserves have increased by 11%, to 2.3 million tons, gold by 25%, to 9.5 million ounces. (Ukrainian metal)
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the second quarter and the first half of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q2 our platinum group metals (PGMs) production increased substantially owing to the…