Nornickel to pay $18m to drop its stake in nickel JV in South Africa

Mining News Pro - Russia’s Nornickel will pay $18 million to pass its 50% stake in Nkomati nickel mine in South Africa to its partner African Rainbow Minerals (ARM), ARM said on Friday, ending years of Nornickel’s attempts to exit Africa.

Nornickel plans to move some trading to Dubai

Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

Nornickel plans to move some trading to Dubai

Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

Nornickel board recommends no dividend for first time in 14 years

Mining News Pro - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”, but may consider paying interim dividends, the company said on Friday.

Nornickel boosts output of all key metals

Mining News Pro - Russian metals producer Nornickel’s first-half nickel and palladium output rose year on year thanks to returning production two mines hit by flooding in 2021, the company said on Thursday.

Russian mine in Arctic evacuated after smoke reported, Nornickel says

Mining News Pro - Russian miners working at the Komsomolsky mine in the Arctic city of Norilsk were evacuated on Sunday after smoke was reported at the facility, its operator said.

Nornickel cuts estimate of 2022 global palladium deficit

Mining News Pro - Russia’s Nornickel on Monday cut its estimate for the global palladium market deficit in 2022 to 100,000 troy ounces due to lower demand from the car industry amid the Ukraine crisis and a slow recovery of the chip market from shortage.

Rosatom, Nornickel to develop lithium project in Russia

Mining News Pro - Russia’s state-owned nuclear power supplier Rosatom and Nornickel, the world’s largest producer of refined nickel, are fine-tuning details of a plan to develop the Kolmozerskoye lithium deposit in the country’s northwest, Sputnik radio reported.

Nornickel ups investment forecast by $6 billion over next decade

Mining News Pro - Russia’s Norilsk Nickel said it has raised its 2021-2030 investment estimate by $6 billion to $35 billion to reflect higher construction costs and increased investment in energy infrastructure upgrades.

Nornickel to boost output of nickel products in Finland for EV battery market

Mining News Pro - Russian metals producer Nornickel said on Tuesday it will boost output of nickel products at its Harjavalta plant in Finland as it bets on the expanding market for battery materials needed for electric vehicles (EV).

Nornickel to minimise 2020 final dividend, considers buyback

Mining News Pro - Nornickel will minimise its final dividend for 2020, the Russian metals producer said on Friday, citing a recommendation from its board of directors.

Nornickel stops water inflows at two Arctic mines

Mining News Pro - Russia’s Nornickel, the world’s largest palladium miner and a significant nickel producer, said on Monday it had stopped water flowing into its two of its Siberian Arctic mines, adding that both were on track to fully resume production in the coming months.

Nornickel to take another week to halt water inflow at Siberia mines

Mining News Pro - Russia’s Norilsk Nickel said on Tuesday it expects it will be another week before it has an idea of when it can restart two waterlogged mines in Siberia.

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.

Nornickel to sell less palladium, nickel than it produces in 2020

Mining News Pro - Russia’s Norilsk Nickel will sell slightly less nickel and palladium than it produces in 2020 as the Covid-19 pandemic reduced industrial demand, the world’s leading producer of the two metals told Reuters.

Nornickel moves to improve enviro risk management

Mining News Pro - Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel, has launched an environmental risk management review in order to identify and better manage new climate change risks that are emerging.

Nornickel to double coronavirus spending to almost $280m

Mining News Pro - Russian mining giant Norilsk Nickel on Friday said it would double its spending this year on measures to protect against the coronavirus outbreak to 20-billion roubles ($278.5-million).

Nornickel reports another fuel spill in the Arctic

Mining News Pro - Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of ​​the village of Tukhard, located on the Gydanskii tundra.

Nornickel fights cover-up accusations over Arctic oil spill

Mining News Pro - Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full extent of the damage.

Russia halts Nornickel power unit after fuel spill

Mining News Pro - Russia’s safety watchdog on Friday ordered a power unit of mining giant Norilsk Nickel (Nornickel) to suspend operations at six facilities for 90 days for violating safety rules, following a fuel spill in the Arctic.

Fuel spill in Siberia to cost Nornickel over $150 million

Mining News Pro - Clean-up costs for the fuel spill that took place in late May at Nornickel’s Heat and Power Plant № 3 near Norilsk, in north-central Russia, add up to $150 million, according to information released by the company this week.

US offers help with Nornickel’s Arctic fuel spill, Russia thankful

Mining News Pro - Russia’s Vice-minister for Emergencies, Alexandr Chupriyan, expressed gratitude to the countries that have offered to help with the fuel spill in Siberia in which 20,000 tons of diesel leaked from a reservoir owned by MMC Norilsk Nickel PJSC.

Nornickel uses freight flights for exports amid covid-19

Mining News Pro - Norilsk Nickel, the world’s largest palladium producer, said on Thursday it was using air cargo flights to ship supplies of palladium and platinum because most of the passenger flights it usually uses had been suspended.

Nornickel may not sell all output if coronavirus crisis drags

Mining News Pro - Russian nickel and palladium producer Norilsk Nickel (Nornickel) may find it hard to sell all of its output, as it normally can, if the coronavirus crisis persists, the company’s largest shareholder and president told a daily newspaper.

As coronavirus spreads, Rusal puts brakes on Nornickel`s palladium JV

Mining News Pro - Nornickel is the world`s largest producer of palladium, which has been hit hard by the economic fallout from coronavirus. Prices have plunged 45% since February as investors started dumping the precious metal for cash.

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