The Norilsk Nickel board of directors has recommended the shareholders meeting to set 2018 dividends at 792.52 rubles per ordinary share (some $12.25) and the record date as June 21. The company intends to spend 125.4 billion rubles ($1.939 billion) to pay dividends. Taking into account the interim dividends for H1 2018 ($1.8 billion), the…
In January-March, Norilsk Nickel produced 56 thousand tons of nickel, up by 3.4% YoY. The manufacture of nickel of the company own raw materials grew by 2.8%, to 55 thousand tons. Copper output increased by 13%, to 127 thousand tons. Palladium manufacture totaled 770 thousand ounces, up by 32%, and platinum – 204 thousand ounces,…
In January-March, Norilsk Nickel increased nickel output by 3.4% YoY, to 56 thousand tons. The manufacture of the company own raw materials grew by 2.8%, to 55 thousand tons. The output of copper went up by 13%, to 127 thousand tons. Almost everything was produced from own raw materials. (Ukrainian metal)
The Norilsk Nickel Investment committee has approved of projects to decrease pollution and improve environment situation at the Monchegorsk site of the Kola Iron and Steel Company. In particular, the fourth technological system of the sulfur acid shop will be modernized, and the electric filters in the dust-exhausting department of the refining shop will be…
The Chief Expertise Service of Russia has reviewed the design documentation of the reconstruction of the copper-nickel ore mining enterprise and approved it. The Komsomolsky mine, a part of Norilsk Nickel, is situated in the Talnakh district industrial zone of the Norilsk city. Reconstruction will increase the mine capacity to 4 million tons per year.…
Vladimir Potanin, the key shareholder of Russian metals producer Norilsk Nickel, plans to start negotiations with aluminum maker RUSAL, which owns 27.82% in Norilsk, to change the dividend formula to reduce the payouts, Bloomberg reported on March 27. Norilsk Nickel’s shares lost 2.2% at the opening of the Moscow Exchange on the news. RUSAL of…
Russian metals giant Norilsk Nickel plans to develop projects to produce palladium to counter an expected deficit of the material, necessary for batteries production, on the market, CEO Vladimir Potanin announced. “Electric car producers are worried about the future lack of palladium. The volume of the metal that we produce and sell is absolutely clear.…
Crispian Investments, owned by tycoon Roman Abramovich and his partners, has no plans to sell more shares in Russian metals giant Norilsk Nickel, Crispian’s co-owner Alexander Abramov said. On March 12, a financial market source said that Crispian offered a 1.7% stake in Norilsk Nickel for about $560 million, or about 13,450 rubles per share.…