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GMK Noril'skiy Nikel' PAO (GMKN.MM)

GMKN.MM on Moscow Interbank Currency Exchange

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Latest Key Developments (Source: Significant Developments)

Russia Norilsk in talks with Western banks over credit facility
Monday, 29 Aug 2016 09:07am EDT 

Norilsk Nickel : Norilsk is in talks over a new credit facility with a syndicate of Western banks, plans to announce it in autumn, Chief Financial Officer Sergey Malyshev said; . Malyshev did not disclose the size of the facility, said Norilsk aims to keep available credit facilities at $2 billion in future; . Norilsk is on track to sell the remaining 2,000 tonnes of nickel and 5,000 tonnes of copper from its accumulated stocks in the second half of 2016; . Norilsk to invest the remaining $100 million out of total $250 million of its previously announced investment into Rosa Khutor, a ski resort part-owned by one of its shareholders, early next year; . Norilsk also said in its presentation that its EBITDA margin is expected to remain broadly stable in the second half of 2016. Further company coverage: [GMKN.MM] (Reporting by Moscow Newsroom) ((Polina.Devitt@thomsonreuters.com;)).  Full Article

Russia's Norilsk shuts down old Nickel plant ahead of schedule
Friday, 26 Aug 2016 02:30am EDT 

Russia's Norilsk Nickel said on Friday: Its Nickel plant, launched in the city of Norilsk in 1942, has been fully decommissioned two months ahead of schedule as a part of the company's downstream reconfiguration; . Gradual decommissioning of the plant has started from Feb. 1; . The majority of the plant's workers were relocated to other Norilsk's facilities; . The total refined metal production capacity will be unaffected by the idling of Nickel Plant as production facilities at Kola and Harjavalta assets are modernised and expanded correspondingly; . Norilsk and the London Metal Exchange (LME) are discussing the delisting of exchange listed brands of nickel and cobalt of Norilsk's Polar division; . The delisting of these brands from the LME will be deferred in order to protect the interest of market participants; . Similar talks with the Shanghai Futures Exchange (SHFE) have been scheduled in September; .In 2013, Norilsk Nickel adopted a new corporate strategy focusing on the development of its high-class assets and raising production efficiency. The shutdown of the Nickel Plant was a part of the programme..  Full Article

Russia's Norilsk Nickel says Q2 nickel output down 9 pct q/q
Friday, 29 Jul 2016 07:13am EDT 

Russia's Norilsk Nickel says: Q2 consolidated nickel production amounted to 58,000 tonnes, down 9 pct quarter-on-quarter; . Q2 consolidated palladium and platinum output amounted to 688 koz (up 7 pct q/q) and 162 koz (down 5 pct q/q) respectively; .Confirms it is on track to meet its 2016 metal production guidance from Russian feed..  Full Article

BRIEF-Russia's Norilsk Nickel receives Sberbank loan first tranche
Monday, 16 May 2016 04:30am EDT 

Russia's Norilsk Nickel says: Upon completing all preceding loan granting conditions, on May 12, GRK Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky GOK (Mining and Processing Plant) construction project in Trans-Baikal region; . On May 5, GRK Bystrinskoye LLC and PJSC Sberbank of Russia signed a loan agreement, whereby the bank provided the project financing for a total amount of $800,000,000 for a term of eight years. Further company coverage: [GMKN.MM] (Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)) Keywords: (REPEAT).  Full Article

Moody's confirms GMK Noril'skiy nikel' OAO ratings, outlook negative
Tuesday, 26 Apr 2016 11:39am EDT 

GMK Noril'skiy nikel' OAO:Moody's says confirms GMK Noril'skiy nikel' Ba1 corporate family ratings (CFRs) and Ba1-PD probability of default ratings (PDRs).Outlook is negative.  Full Article

Russia's Sberbank CIB arranges $800 mln credit line for GMK Noril'skiy nikel' OAO unit - Reuters
Monday, 4 Apr 2016 05:00am EDT 

Sberbank CIB, the investment banking arm of Russia's biggest bank Sberbank has arranged a $800 million credit line for a unit of Russian miner GMK Noril'skiy nikel' OAO - Reuters:Sberbank CIB said the eight-year credit line would be used to fund the construction of Norilsk's Bystrinsky plant.  Full Article

GMK Noril'skiy nikel' OAO sets first coupon rate for BO-05 series bonds
Wednesday, 17 Feb 2016 04:17am EST 

GMK Noril'skiy nikel' OAO:Says sets first coupon rate for 15 billion roubles ($194.92 million) BO-05 series bonds at 11.60‍​ pct per annum.  Full Article

GMK Noril'skiy nikel' OAO to place RUB 15 bln bonds
Tuesday, 16 Feb 2016 12:16am EST 

GMK Noril'skiy nikel' OAO:Sets placement date for ten-year 15 billion rouble ($195.57 million) BO-05 series bonds to Feb. 19.Coupon rates of 2-20 coupon periods will be equal to first coupon rate.Gazprombank is underwriter of the placement.  Full Article

GMK Noril'skiy nikel' OAO sees 2016 palladium extraction at 2.3-2.4 million ounces
Friday, 29 Jan 2016 03:39am EST 

GMK Noril'skiy nikel' OAO:Sees 2016 palladium extraction at 2.3-2.4 million ounces.Sees 2016 platinum production at 542,000 - 586,000 ounces.  Full Article

GMK Noril'skiy nikel' OAO sells minority stake in INTER RAO YEES PAO
Wednesday, 30 Dec 2015 11:40pm EST 

GMK Noril'skiy nikel' OAO:Announces that it has sold its 9.68 pct stake in INTER RAO YEES to United Capital Partners (UCP) for the total amount of $152.6 million.The company's strategy approved by the Board of Directors in Oct. 2013 stipulates the disposal of non-core assets.With this transaction, Norilsk Nickel has fully completed the sale of minority stakes in Russian energy companies.  Full Article