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GMK Noril'skiy Nikel' PAO (NILSY.PK)

NILSY.PK on OTC Markets Group

19.05USD
20 Oct 2017
Change (% chg)

$0.30 (+1.60%)
Prev Close
$18.75
Open
$18.95
Day's High
$19.07
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$18.93
Volume
27,359
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62,663
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$19.25
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$13.00

Latest Key Developments (Source: Significant Developments)

Russia's Nornickel recommends H1 dividend of 224.2 roubles/share
Friday, 25 Aug 2017 02:04am EDT 

Aug 25 (Reuters) - Russia's Norilsk Nickel (Nornickel) said on Friday::Its Board of Directors has recommended an interim dividend payment of 224.20 roubles ($3.79) per share for the first six months of 2017;.It will hold an Extraordinary General Meeting for its shareholders (EGM) on September 29 with the EGM record date (the list of shareholders eligible to vote) on September 5;.The list of shareholders entitled to the interim dividend will be set on October 19;.The H1 dividend distribution will amount to approximately $600 million..  Full Article

Russia's Nornickel sees net debt/EBITDA above 1.8 by end-2017
Tuesday, 15 Aug 2017 06:01am EDT 

Aug 15 (Reuters) - Russia's Norilsk Nickel (Nornickel) said in a presentation of its first-half financial results on Tuesday::The company's net debt/EBITDA ratio could be at more than 1.8 by the end of 2017;.The forecast is based on the spot commodity prices and foreign exchange rates as of the first week of August;.The interim dividend payment will be recommended in August;.In 2016, Nornickel linked its dividend payments to a leverage measurement ratio which shows how many years it could take the company to pay back its debt. That time, the dividend policy suggested a payout of 60 percent of annual earnings before interest, taxation, depreciation and amortisation (EBITDA) if the debt ratio is below 1.8. The payout would decline on a sliding scale if the ratio is 1.8 or above, falling to 30 percent of EBITDA if the ratio exceeds 2.2..  Full Article

Russian Copper Company in talks to raise financing for its new plant
Tuesday, 25 Jul 2017 09:11am EDT 

MOSCOW, July 25 (Reuters) - Russian Copper Company, Russia's privately-held third largest copper producer::Is in talks with Russia's Sberbank <<>>, VTB <<>> and Gazprombank <<>> to raise project financing for its new plant at the Tominsk copper deposit in the Urals region, Maxim Shchibrik, its Chief Financial Officer, said in an interview with Reuters;.The total investment needed for the project is estimated at 65.9 billion roubles ($1.1 billion), and the company wants to raise 70 percent of this sum, Shchibrik said;.Russian Copper Company, which has assets in Russia and Kazakhstan, is controlled by Russian businessman Igor Altushkin. It is the third largest copper producer in Russia after Norilsk Nickel <<>> and another privately-held firm Ural Mining Metallurgical Company (UMMC);.The new plant at the Tominsk deposit will have an annual capacity of 28 million tonnes of ore, from which it will be able to produce up to 500,000 tonnes of copper concentrate per year towards the end of 2021..  Full Article

Russia's Metalloinvest sells Nornickel stake at $14.10/share
Friday, 21 Jul 2017 01:58am EDT 

July 21 (Reuters) - Russian miner Norilsk Nickel (Nornickel) ::Metalloinvest Cyprus, an indirect subsidiary of Russian iron ore producer Metalloinvest, has completed the placement of 28,382,565 ordinary American Depositary Receipts of Norilsk Nickel, representing approximately 1.79 percent of the company's existing issued ordinary share capital, at a price of $14.10 per share, raising gross sale proceeds of approximately $400 million through the placement..Following the placement, the seller does not have any shareholding in Nornickel..  Full Article

Russia's Nornickel completes Talnakh concentrator upgrade
Wednesday, 7 Jun 2017 04:00am EDT 

June 7 (Reuters) - Norilsk Nickel (Nornickel) ::Announces completion of Talnakh concentrator modernization project;.Says the plant's total throughput capacity has increased by more than 30 percent to 10.2 mtpa of ore from 7.6 mtpa;.The project's total capex exceeded 47 billion roubles ($830.55 million)..  Full Article

Russia's Nornickel says Chinese investor ups stake in copper project
Wednesday, 31 May 2017 07:00am EDT 

May 31 (Reuters) - Russian mining giant Norilsk Nickel (Nornickel) said in a prospectus, a copy of which was obtained by Reuters::Chinese investor Highland Fund has increased its stake in the Bystrinsky (Bystrinskoye) gold and copper mining project in Siberia to 13.33 percent from 10.67 percent on May 12;.In January 2017, Nornickel approved the sale of up to 39.32 percent in the project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by its co-owner Vladimir Potanin and his partner; .This transaction is expected to be completed during 2017..  Full Article

Russia's Nornickel recommends final 2016 divs of 446.10 rbls/share
Friday, 28 Apr 2017 09:22am EDT 

April 28 (Reuters) - Russia's Norilsk Nickel (Nornickel) ::Board recommends dividend payment for full financial year 2016 in amount of 446.10 roubles ($7.84) per ordinary share..  Full Article

Russia's Nornickel expects 2016 dividend at 60 pct of EBITDA
Wednesday, 15 Mar 2017 07:45am EDT 

Russia's Norilsk Nickel (Nornickel) said on Wednesday:As of the end of 2016, Nornickel's net debt/EBITDA ratio remained as one of the industry's lowest at 1.2x and, thus, we expect that the dividend for the year 2016 will be calculated in the amount of 60 percent of EBITDA..  Full Article

Russia's Nornickel to consider credit line for up to $500 mln
Thursday, 22 Sep 2016 02:30am EDT 

Russia's Norilsk Nickel (Nornickel) says: Board of directors will consider a credit line from syndicate of banks for up to $500 million on Sept. 26; . Nornickel said in late August that it was in talks on a new credit facility with a syndicate of Western banks and planned to announce it in the autumn. [nR4N1A1014] Further company coverage: [GMKN.MM] (Reporting by Moscow Newsroom) ((Polina.Devitt@thomsonreuters.com;)).  Full Article

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