Russia’s Lukoil, Norilsk Nickel cooperate on oil and gas project
Mining News Pro - Russian mining giant Norilsk Nickel and oil company LUKOIL are in the process of creating a large oil and gas project, the daily Kommersant reported on Tuesday.
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Nornickel to provide $2b for Norilsk’s development
Mining News Pro - Russia’s Norilsk Nickel, the world’s largest producer of palladium and nickel, announced the launching of a $2 billion program to support the city of Norilsk, located above the Arctic Circle and which hosts the company’s main industrial campus.
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Norilsk Nickel board recommends 9-month 2020 dividend of $1.24bn
Mining News Pro - The board of Russia’s Norilsk Nickel on Tuesday recommended a nine-month dividend of 98.64 billion roubles ($1.24 billion), at 623.35 roubles per share, down sharply fall from 2019.
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$2.1bn Norilsk fuel spill claim points to growing ESG risks
Mining News Pro - The $2.1-billion environmental damage that Russia has claimed from major Norilsk Nickel (Nornickel) for a fuel spill in the Arctic indicates growing environmental, social and governance (ESG) financial exposure of commodity companies operating in the emerging markets, says Fitch Ratings.
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Arctic wastewater dump near Russia’s Norilsk was toxic, says Greenpeace
Mining News Pro - Water samples taken by Greenpeace in Russia’s Arctic at the site of a wastewater dump by mining giant Norilsk Nickel contained 50 times the permitted level of toxic substances, the environmental campaign group said on Wednesday.
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BHP expands nickel exposure as Norilsk exits Australia
Mining News Pro - BHP said on Friday it was expanding its exposure to nickel by purchasing nickel tenements in Western Australia in a deal marking the exit from the country of Russian mining group Norilsk Nickel.
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Norilsk Nickel says it is entering new era of real-time mine control and connectivity
Mining News Pro - Russia’s MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has released its annual Sustainable Development report for 2019. Digitalisation and innovation are a big focus, the company stating that R&D and innovation play a major role in taking forward Nornickel’s strategic priorities, from expanding its production to improving efficiency and reducing environmental impact.
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Norilsk Nickel growth strategy risks dividend cut
Mining News Pro - Norilsk Nickel plans to boost spending on new projects over the next decade to increase production and capitalize on the growing electric car trend, but investors may need to brace for lower dividends down the road.
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