Mining billionaire Roman Abramovich, the Russian tycoon who owns the Chelsea soccer club, has stepped into Norilsk Nickel’s long-running management dispute between its two main shareholders by buying a 7.3% stake in the company.
Norilsk Nickel Mining and Metallurgical Co Mining News
The board of directors of Norilsk Nickel has approved the cancellation of 9.96% of its shares held by the subsidiary NN Investment, top officials of Interros and UC RUSAL told Vedomosti.
The Krasnoyarsk regional court has deemed that Norilsk Nickel and Vladimir Potanin's Interros are affiliated bodies, thus siding with UC RUSAL's claim.
MMC Norilsk Nickel has announced that the company’s board of directors has approved a reduction in investment expenditure for 2012, as proposed by the management.
At the Russia Investment Summit, Norilsk Nickel CEO Vladimir Strzhalkovsky said the company looks to obtain licenses for platinum group metals deposits in South Africa to increase its resource base.
Nickel major Norilsk is preparing to start its Honeymoon Well project, in Western Australia, following positive studies completed in 2011, director of overseas operations Roman Panov said this week.
World #1 nickel and palladium producer Norilsk Nickel is investing heavily in new and existing mines. The Russian mining conglomerate announced today it will spend US$10.9 billion to expand its mineral resource base including development of existing mining assets and construction and commissioning of new mines.
Post by Krista Smith, Nickel Researcher Reuters Africa reports Norilsk Nickel (LON:MNOD) sold 136,400 tonnes of nickel in the first half of the year at an average price of $25,923 per tonne. The market news is quoted as saying, Sprogis said investor
Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of MMC Norilsk Nickel (the Company) met with the President of the Republic of South Africa Jakob Zuma in RSA. The meeting was held as part of the General Director's business visit to the Republic of South Africa. The parties discussed further development of the Company's projects in RSA.
Moscow - OJSC MMC Norilsk Nickel (the Company) announces today that RUSAL has once again failed gain an injunction through court. The Krasnoyarsk Territory arbitration court has rejected the request for an injunction in a lawsuit brought by RUSAL against OJSC MMC Norilsk Nickel. The suit challenged the divestment of the OGK-3 generating company for a stake in Inter RAO.
Lung-blackening pollution and Arctic isolation have not stopped Russian mining giant Norilsk Nickel from attracting graduates to work in its mines. Andrey Ostroukh, writing for Reuters, describes how nickel and palladium mining have transformed this former Gulag town into a thriving city of 210,000.
RUSAL, the world's top aluminium producer, expects a new offer from Norilsk Nickel for its 25 percent stake in the nickel giant, RUSAL co-owner and board chairman Viktor Vekselberg said on Jan. 24. Reuters reports: