Roman Abramovich’s Crispian Investments has sold Norilsk Nickel shares for some $551 million. At first the businessman intended to sell 1.25% of shares for $440 million, decreasing the Crispian share in the company from 6.37% to 5.12%. According to VTB Capital, 39% of the shares were purchased by investors from UK. Russian investors accounted for…
The former head of Russia’s Federal State Property Management Agency Dmitry Pristanskov will return to metals giant Norilsk Nickel as a vice president this week. Pristanskov used to work at Norilsk Nickel as a director for federal and regional programs from 2014 through 2016. (Prime/Ukrainian metal)
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…
In 2019 Norilsk Nickel will invest around 2.8 billion rubles in buying new machinery and equipment for Kola Iron and Steel Company. Nornickel intends to buy 1467 pieces of various machines. Severniy Mine will see a lot of its outdated machinery replaced, including underground dump trucks, loading machines, self-propelled drilling machines, etc. (Ukrainian metal)
Norilsk Nickel mines will receive 105 units of machinery this year. In particular, Oktyabrskiy mine will get 36 machines, Taymyrskiy – 31, Komsomolskiy – 30, Mayak – 7 and Kayerkanskiy – 1. Some machines have already been delivered. Thus Oktyabrskiy now has a new Caterpillar R 1700. Another machine will soon be delivered. The mine…
In Q4 2018 Nornickel nickel output was 62 thousand tons, up by 16% QoQ. In 2018 nickel manufacture grew by 1%, to 219 thousand tons. Of the company own raw materials the output was 217 thousand tons, up by 3%. Copper manufacture in Q4 2018 grew by 3%, to 124 thousand tons. In 2018 the…
In 2019 Norilsk Nickel expects a moderate nickel price growth. “Today nickel and palladium are in shortage, while copper and platinum are close to the balance. In mid-term we expect nickel and palladium prices to be higher. In long-term platinum should also become more expensive. As to the copper – we don’t expect a sharp…