Norilsk H1 profit down 84%, beats forecast

Norilsk Nickel, the world’s largest nickel and palladium miner, said on Monday lower metal prices pushed first-half profit down sharply, but the results beat analyst forecasts. Net profit attributable to shareholders fell 84% year-on-year to $419-million, above an average Reuters poll estimate of $349-million. Read more….

Norilsk, BHP plan to mine Russian coal from 2015

Norilsk Nickel plans to start mining coal with BHP Billiton in the Russian Arctic from 2015, the first production to result from a three-year-old alliance between the mining giants. BHP Billiton, the world’s largest miner, will join Norilsk in developing the Syradasai deposit in a project that could eventually produce as much coking coal for [...]

Russian miner Norilsk sees profit in H2 2009 – CEO

Norilsk Nickel, the world’s largest nickel miner, lifted its forecast for 2009 output and said it expects to turn a profit in the second half. "Stocks are still high, but the increase has stopped. This and other factors say that things are going to be better," said CEO Vladimir Strzhalkovsky, adding that the company had [...]

Norilsk Nickel undertakes production modernisation project worth RUB 2.2 bln

Norilsk Nickel, the world’s largest nickel miner is to replace the existing pelletising-roasting circuit at its Kola operations. Read more….

Norilsk Nickel swings to 2008 loss

The loss compared with a net profit of $5.3 billion a year ago and was far below the $3.4 billion profit forecast by analysts. Read more….

Norilsk Nickel to sell 4% stake

Norilsk Nickel plans to sell 4 percent of its own shares, acquired during a buyback, to its two main production units. Read more….

Norilsk Nickel sells 27.7% stake

Norilsk Nickel has sold a 27.7% stake in regional power generator TGK-14. Read more….

Norilsk Nickel to seek debt restructuring

Norilsk Nickel is seeking to reschedule debts linked to the 2007 takeover of Canada’s LionOre. Read more….

Norilsk Nickel Q109 nickel output falls

Norilsk Nickel said its output of nickel fell by 7 percent to 69,357 tonnes in the first quarter of 2009 from a year-ago level. Read more….

Norilsk Nickel reviews the profitability of African assets

Russian mining major Norilsk Nickel confirmed on Wednesday that it was reviewing its African assets, but rejected speculation that it was looking to terminate its involvement on the continent. Norilsk Nickel Africa MD Gerhard Potgieter said that the company is evaluating the profitability of its operations in Africa. Read more….

Next Page »