Sanctions fever grips nickel as market rethinks Russia risk

MINEX Forum | April 24, 2018
img0 Sanctions fever has spread to nickel. With Russian aluminium producer Rusal imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial powerhouse, Norilsk Nickel. Deripaska is a 27.8 percent shareholder in Norilsk, while the oligarch behind the world’s number two nickel ...

Russia’s Nornickel company working on drones for mines monitoring

MINEX Forum | April 12, 2018
img0 The Norilsk Nickel Company plans to make an unmanned aerial vehicle, which could move independently inside mines, the company’s representative Levon Kirakosyan told reporters at during an IT show. “We have tried using a drone under the ground without GPS communication,  we have recorded test videos, and now we understand certain aspects of controlling a ...

Rusal’s Deripaska may become Norilsk’s board member

MINEX Forum | April 6, 2018
img0 Russian tycoon Oleg Deripaska, who for years wanted to obtain control over Norilsk Nickel, may become a board member of the company, Kommersant daily says, citing sources familiar with the matter. Deripaska’s Rusal aluminium producer owns a 27.8 percent stake in Norilsk Nickel, Russia’s mining giant. Norilsk’s board to consider new board members on April ...

Norilsk Nickel net profit fell by 30%

MINEX FORUM | August 15, 2017
img0 PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. 1H2017 HIGHLIGHTS Consolidated revenue increased 11% y-o-y to USD 4.2 billion primarily owing to higher realized metal prices; EBITDA was down 3% y-o-y to USD 1.7 billion primarily owing to ...