Nickel

Buruktalsky nickel plant falls on hard times

The management of Buruktalsky nickel plant (Svetly settlement, the Orenburg Region) announces redundancy. 216 people will be fired at the beginning of May.

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O. Deripaska: UC Rusal to pay off its debts with the dividends from Norilsk Nickel

UC Rusal will be able to maintain its debts within the coming 4.5 years on the account of the dividends it plans to receive from Norilsk Nickel, O. Deripaska toldthe  Financial Times.
These words underline the importance for the financial position of UC Rusal of the agreement between O. Deripaska and V. Potanin that ended the 4-year conflict of the businessmen. R. Abramovich was the intermediary in December, is reported. The agreement made V. Potanin the executive director of Norilsk Nickel but also led the way to larger payments of dividends to the company in which UC Rusal holds 27.8%.
 

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Rusal does not to plan to sell Norilsk Nickel’s shares to Millhouse’s structures, except the package in the amount of 4.87%

UC Rusal doesn’t consider the possible sale of additional holding of Norilsk Nickel’s shares to Millhouse of Roman Abramovich and his partners, excluding the total package in the amount of 4.87%, which will be sold with Interros, the member of the Norilsk Nickel’s Board and Strategy Director, Maxim Sokov reported to journalists.

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Norilsk Nickel has elected new Chairman of its Board of Directors

The Board of Directors of Norilsk Nickel announced the results of the extraordinary shareholders meeting on Monday that it has elected to the post of the Chairman the former chief of De Beers,the diamond producers, G. Penny, the CEO of Norilsk Nickel V. Potanin stated.
Mr. Penny was been nominated to the post of independent director by Interros holding 28% in the company. The former Chairman of Norilsk Nickel Board of Directors was the Vice CEO of Interros A. Bugrov.

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Nickel plant to rerun one of its furnaces

In August Nickel plant of Zapolyarye subsidiary of Norilsk Nickel is going to rerun ore thermal furnace #2 after the capital repair.

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Russia significantly increases nickel export

Last year, the nickel export from Russia increased by 12% to 219.1 thousand tons. In money terms, the export nickel sales made up $3.721 billion.

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Kirov non-ferrous metal working plant extends sales of electrical products

In 2012, the Kirov non-ferrous metal working plant extended the output of non-iron rolled metal by 2.2% as compared to the same period of 2011. The share of brass mill products made up 51.1%, copper mill products – 47.4%, bronze and copper-nickel mill products – 0.7% and 0.8% respectively.

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The state claims that Ufaleynickel must return the borrowed metal as soon as possible

This week the Supreme Arbitration Court of the RF will specify the date
of consideration of the lawsuit of the Federal State Reserve Agency against
Ufaleynickel Plc. the agency claims that Ufaleynickel must hasten the returning
of 2,900 tons of nickel borrowed from the state in 1990-s. the one-time
returning of such amount of the products can result in bankruptcy of the township-forming
enterprise of Upper Ufaley (46 thousand citizens).

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Norilsk Nickel made technological breakthrough in Arctic shipping industry

GMK “Norilsk Nickel” keeps creating its icebreaker fleet, which meets the demand of the Arctic shipping industry.

As it is known, the history of the Arctic shipping industry is connected with the use of ice-breakers and an aim to build a transport vessel, which will be able to move at any ice conditions without icebreaker support.

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Norilsk Nickel keeps expanding its corporate fleet

Norilsk Nickel has reported that the transfer and acceptance certificate for the river service tug built by the Nizhegorodsky Teplokhod plant was signed in Bor town, the Nizhny Novgorod Region.

This is the second tug built for Norilsk Nickel at this plant. The building of the tug was completed in the framework of the company’s port fleet modernization investment program. The program presupposes building of two river and two sea tugs as well as a liquid fuel bunkering barge. Read more »

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