Norilsk Nickel must decrease dividends not to be deep in the hole

In December of the last year, the main shareholders of Norilsk Nickel agreed to end their conflict, to direct their energies to the company’s development and share results of this work – up to $9 billion were planned to be transferred for dividends in 2012-2014. But the market edited the situation – in this period, the nickel price fell from $18 thousand to $14 thousand per ton.

The company’s owners thought about a change of the size of dividend payments, a source, who is familiar with the course of negotiations, reported to the agency Prime. Interros,UC Rusal and Millhouse declined to comment on the situation.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer