Russia: Nornickel output forecast down

Norilsk Nickel has decreased its own forecast on non-ferrous and precious metals output in 2016. In particular, nickel output is expected to fall to 195-200 thousand tons from 206-212 thousand tons of the previous forecast. The decrease would be the result of repairs at Talnakh processing factory. In 2015 Nornickel produced 266 thousand tons of…

Russia: Nornickel and Societe Generale to develop strategic cooperation

Norilsk Nickel and Societe Generale signed an agreement on strategic cooperation. General Memorandum was signed by Nornickel President Vladimir Potanin and Societe Generale CEO Frederic Oudea. The memorandum provides for an important expansion of the partnership between Nornickel and Societe Generale. It includes the whole range of commercial and investment banking services, including capital markets,…

Russia: Nornickel delivers further environmental enhancement project

Nadezhda Metallurgical Plant (NMP) Hydrometallurgical Shop has fully transitioned to dumping tailings to the rebuilt dam via a newly installed tailings pipeline, operational as of September 15. The project is an element of the large-scale environmental enhancement program embarked on by Nornickel. The company is striving to identify the areas with the highest historical exposure…