Norilsk Sees Trafigura as Project, Not Equity Partner
Trading house Trafigura has little future as a shareholder in Russian group Norilsk (MCX:GMKN) but may become a partner in international projects.
Articles Tagged "Norilsk"
Norilsk Sees U.S., European Debt Woes Boosting Metals Prices
Bloomberg reports Norilsk Nickel (LON:MNOD) said metals prices will climb higher this year as debt woes in the U.S. and Europe stoke investor demand for physical assets.
Norilsk finally decides to sell majority interest in Stillwater Mining
Mineweb.com reports that Norilsk (LON:MNOD) decided to sell its' majority ownership in Stillwater mining (NYSE:SWC).
OAO GMK to roll out program to increase output
OAO GMK Norilsk Nickel’s (PINK:NILSY) polar division, the mining company’s biggest earner in the past decade, will spend $20 billion by 2030 to stop production from falling, according to its head Evgeny Muravyov. At stake is the productivity a company that supplies 22 percent of the world’s nickel, a silvery metal used in stainless steel and [...]
Norilsk Nickel Will Not Stock Palladium from 2011-2015
Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015. Deputy CEO Viktor Sprogis is quoted saying: “The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor [...]
Norilsk’s palladium output fell dipped 1.2 percent
The world’s top nickel and palladium producer, Russia’s Norilsk Nickel reported that its output of palladium in the first quarter of this year dipped 1.2 percent to 590,000 ounces. For full story, click here
Norilsk to suspend its Black Swan and Lake Johnston operations
Norilsk International, a subsidiary of OJSC MMC Norilsk Nickel, announces that it will suspend its Black Swan and Lake Johnston operations (Western Australia), placing them under care and maintenance effective immediately. For full story, click here
“Palladium output to fall”
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. For full story, click here
What does 2009 have in store for palladium?
In the first six months of ’09, palladium’s value could range from $125 to $300 per ounce. The outlook for palladium is positive in some of its applications, however, a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the next six months.
Palladium in limbo over auto bailout
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
