Arktik Palladiy, a joint venture (JV) between Norilsk Nickel and Russian Platinum, will gradually raise its production to 120 tons of platinum group metals per year, making it the world’s top producer, President of Russian Platinum Musa Bazhayev said at a meeting of the Russian-Saudi economic council. “We expect to get the first product in…
Russian Platinum and Norilsk Nickel have submitted documents on creating a joint venture to the Federal Antimonopoly Service. The JV will be organized to create on Taimyr one of the largest platinum manufacturers in the world. Combined investments will total some $5 billion. The deal could be concluded in mid-2020. The JV will comprise Maslovskoye,…
The polar division of Russian metals producer Norilsk Nickel will spend 2.5 billion rubles on the purchase of mining equipment, the company said. The company expects that 42 units of equipment produced by Sandvik and Epiroc will be shipped to the mines of the polar division in 2020. (Prime/Ukrainian metal)
A capital repair of one of the two electric arc furnaces is drawing to an end at the metal shop of the Norilsk Nickel Copper Works. The capacity of the furnace is 1.5 tons. Investments in the project amount to 16.8 million rubles. After the repair the furnace will be operating in the direct current…
The extraordinary meeting of Norilsk Nickel shareholders has set dividends for the first half of 2019 at 883.93 rubles per ordinary share (around $13.27). The total volume of funds to be spent on dividends will be 139.88 billion rubles ($2.1 billion). The date upon which the shareholders entitled to H1 dividends will be determined is…
Until 2024 Norilsk Nickel will invest 700 billion rubles in the development of manufacture in the Norilsk industrial district in Krasnoyarsk region. The Sulfur project will receive some 200 billion rubles. The rest will be invested in the modernization of mines and processing factories. The Sulfur project is the project to recycle sulfur dioxide at…
The core shareholders of the Russian metals giant Norilsk Nickel are not discussing changes of its dividend policy as the market is favorable enough for the fulfillment of all liabilities, CFO Sergei Malyshev announced. The company amended its dividend policy in 2016 to pay dividends twice a year in an amount depending on the ratio…
In January-June Norilsk Nickel increased consolidated revenue by 8% YoY, to $6.3 billion. Net profit grew by 81%, to $2.997 billion. EBITDA went up by 21%, to $3.7 billion. Capital investments remained almost on the level of 2018 – $500 million. (Ukrainian metal)