Norilsk Nickel Mining News

Russia miner Nornickel sees capex rising by 2019-2020

The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.

Norilsk Nickel to increase 2017 palladium purchases

Head of Global Sales and Marketing Markus Meurer said purchases in 2017 would rise to as much as 600,000 oz of palladium, compared to 160,764 oz last year.

Norilsk Nickel to cut costs by $200-$300m a year by 2020

COO Sergey Dyachenko told Reuters ahead of a strategy update to investors that the cost cuts were part of a comprehensive cost reduction programme.

Explosion at Norilsk Nickel mine kills four

Four miners were killed in an explosion at the Zapolyarny Mine, part of the Polar Division of Norilsk Nickel.

Botswana pulls out of $279 million Norilsk nickel-mine deal

Botswana withdrew its decision to buy a 50 percent stake in South Africa’s Nkomati mine from GMK Norilsk Nickel PJSC because it can’t afford the price tag of just under 3 billion pula ($279 million).

Norilsk: A blood red river runs through it

River near the eponymous city of world's top nickel and palladium miner turns crimson.

Brazil’s Vale close to becoming world’s largest nickel producer

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.

Norilsk Nickel to invest $8bn in Russian projects, sell the rest

World's largest nickel and palladium producer will get rid of projects in Finland, Australia, Botswana and South Africa.