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

NILSY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

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

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

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