Russian metals giant Norilsk Nickel plans to invest over $12 billion in production development over the next five years, CEO Vladimir Potanin said. “We are now implementing quite an unprecedented investment program: we are investing over $12 billion in development of production over the next five years. And what is important for many years we…
Russian metals producer Norilsk Nickel expects its capital expenditures to amount to $2.3-2.5 billion in 2019 and $2.3-2.6 billion a year in 2020-2022, the company said in a statement on November 19. In 2018 the capital expenditures will amount to $1.6-1.7 billion. Norilsk Nickel will spend $900 million – $1 billion on obligatory projects, including…
Norilsk Nickel can increase metal output in five years on the background of the expected growth of the global demand for nickel from the rapidly developing electric car market. The company intends to have increased nickel and copper output by 15% and platinum-group metal by 25% by 2025 as compared with 2017. In particular, nickel…
Holding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…
Norilsk Nickel has paid 122.78 billion rubles ($1.86 billion) of dividends for the first half of 2018. Rusal (owning 27.8%) is still receiving dividends, even though it has been hit by US sanctions. In November 5 Rusal reported that it had already received $402 million from Nornickel. According to Nornickel, these are dividends for 2017,…
In January-September Norilsk Nickel received 146.38 billion rubles of net profit, up by 49.8% YoY. According to the group statement, revenue grew by 45.6%, to 447.53 billion rubles, gross profit – by 57.5%, to 279.52 billion rubles, and sales revenue – by 63.1%, to 249.35 billion rubles. In Q3 Nornickel increased nickel output by 9%…
In January-September Norilsk Nickel received 146.38 billion rubles of net profit as calculated under the Russian standards, up by 49.8% YoY. According to the group statement, its revenue increased by 45.6%, to 447.53 billion rubles, gross profit amounted to 279.52 billion rubles, up by 57.5%, and sales profit went up by 63.1%, to 249.35 billion…
Norilsk Nickel is negotiating with the Chinese partners the choice of the site for Bystrinsky Mining and Processing Works IPO. “Our partners see Hong Kong or Shanghai as the site, while we want Moscow or London”, Nornickel president Vladimir Potanin said. The issue will be discussed in autumn 2019, when the GOK reaches its design…