The Kola Iron and Steel Works, a part of Nornickel, has put a new ball mill into operation at its processing factory. The mill produced at Tyazhmash costs 48 million rubles. The machinery was purchased to replace the outdated equipment and improve quality. The mill at the factory will be used for the first time.…
Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…
In January-March Nornickel produced 53 thousand tons of nickel, down by 16% YoY. According to the company statement, the main reasons for the decline were the shut down of a nickel works in Q3 2016, modernization of Talnakh Processing Factory and the increase of nickel raw materials volumes, sent to Kola and Norilsk Nickel Harjavalta…
PJSC MMC Norilsk Nickel announces the closing of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.1%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering has attracted solid investors’ interest both domestically and internationally and the book was well oversubscribed. As a…
On April 5, the Norilsk Nickel Board of Directors set the date for the AGM on June 9, and the record date for the AGM participation has been set on May 16. The list of candidates nominated to the Board of Directors includes: Gareth Penny, Non-executive Chairman of the Board, Pangolin Diamonds Corp. and Edcon…
On March 31, PJSC MMC Norilsk Nickel signed an agreement to sell its equity interest in the company, which owned the Legion TI Business Center, to RCP Investments Ltd for the total consideration amount of approximately $100 million. As part of Nornickel’s non-core assets disposal program, the company’s Board of Directors approved the transaction on…
On March 28, Nornickel’s Vice President – State Secretary, GR Elena Bezdenezhnykh and Murmansk region governor Marina Kovtun signed the cooperation Agreement AS part of environmental campaigns conducted in Russia in 2017, namely the Year of Environmental Protection and the Year of Specially Protected Natural Areas. The agreement is aimed at furthering environmental cooperation in…
Norilsk Nickel has invested 4.6 billion rubles into the modernization of its port terminal in Murmansk. According to the company statement, 2.4 billion rubles were spent on construction of the second birth, which would be put into operation in late March. The increase in throughput capacity will allow Nornickel to transport all of its produce…