Russia: Nornickel fund buying palladium

In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund. The authorized capital of the fund received $100 million, which allowed making trial transactions. The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel. This year the…

Russia: Nornickel not to become green

At present there are no technologies in the world that can make metal industry green, Norilsk Nickel vice-president Elena Bezdenezhnykh believes. “We are constantly improving the ecological conditions. By 2023 the company will have invested 250 billion rubles into environmental projects. But, unfortunately, there is no technology that can make metallurgy green. At best it…

Russia: Kola modernizes warehouses

The Monchegorsk site of the Kola Iron and Steel Works, a part of Norilsk Nickel, has finished the modernization of the bulk machinery warehouse. The warehouse with the size of 2.5 thousand square meters saw the replacement of walls and roof, new lighting system assembly, as well as the disassembly of old racks, which were…