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

GMKN.MM on Moscow Interbank Currency Exchange

14,060.00RUB
24 Jun 2019
Change (% chg)

руб-212.00 (-1.49%)
Prev Close
руб14,272.00
Open
руб14,244.00
Day's High
руб14,256.00
Day's Low
руб13,870.00
Volume
152,956
Avg. Vol
181,285
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руб14,868.00
52-wk Low
руб10,174.00

Latest Key Developments (Source: Significant Developments)

Norilsk Nickel ABO Bookrunner Says Books Are Oversubscribed, Price Guidence To Follow
Tuesday, 12 Mar 2019 02:27pm EDT 

March 12 (Reuters) - Bookrunner On Norilsk Nickel ABO::NORILSK NICKEL ABO: BOOKRUNNER SAYS BOOKS ARE OVERSUBSCRIBED, PRICE GUIDENCE TO FOLLOW.  Full Article

Crispian Investments Offers About 1.25 Pct Of Norilsk Nickel In ABO - Bookrunner
Tuesday, 12 Mar 2019 01:00pm EDT 

March 12 (Reuters) - Bookrunner On Norilsk Nickel ABO::NORILSK NICKEL ABO: BOOKRUNNER SAYS CRISPIAN INVESTMENTS OFFERING ABOUT 2 MILLION SHARES OF ABOUT $440 MILLION, REPRESENTING ABOUT 1.25 PERCENT OF CO.NORILSK NICKEL ABO: BOOKRUNNER SAYS RATE TO BE DETERMINED AT TIME OF PRICING.NORILSK NICKEL ABO: BOOKRUNNER SAYS BUYSIDE COMMISSION OF 11 BPS RECOMMENDED.NORILSK NICKEL ABO: BOOKRUNNER SAYS BOOKS OPEN IMMEDIATELY, EXPECTED TRADE DATE MARCH 13, WITH SETTLEMENT EXPECTED MARCH 15.NORILSK NICKEL ABO: BOOKRUNNER SAYS PRICE GUIDANCE IS RUB 13,450 TO MARKET CLOSE.  Full Article

Russia's Rusal sees 2019 aluminium output at 3.8 mln T - Ifax
Monday, 4 Mar 2019 04:03am EST 

March 4 (Reuters) - Russian aluminium giant Rusal 0486.HK says::It sees 2019 aluminium output at 3.8 million tonnes, the Interfax news agency cited the company's CEO as saying. .It plans to restore its contracts with clients for 2019 over the next 3-4 months and is in talks with new clients. .It will delay the launch of its Taishet project. .It is continuing to build the project and plans to invest $200 million of its own funds in it this year, Interfax cited the CEO as saying. .It has no plans to sell its stake in Norilsk Nickel <<>>..  Full Article

Nornickel's palladium fund reserves at 130,000 ounces at end-2018
Tuesday, 26 Feb 2019 10:23am EST 

Feb 26 (Reuters) - :Its palladium fund reserves stood at 130,000 ounces at the end of 2018.It expects to have clarity on its Bystrinsky project IPO closer to the end of the year .It does not expect to make any changes to its work following the reshuffle of Rusal's board of directors .  Full Article

Russia's Norilsk Nickel sees 2019 nickel market deficit at 60 T
Monday, 19 Nov 2018 05:09am EST 

Nov 19 (Reuters) - Russian mining giant Norilsk Nickel (Nornickel) said in a presentation prepared for its 2018 annual capital markets day on Monday::NICKEL MARKET DEFICIT SEEN AT 60 TONNES IN 2019.PALLADIUM MARKET DEFICIT SEEN AT 1.4 MILLION TROY OUNCES IN 2019.DIVIDEND FLEXIBILITY HELPS CURB LEVERAGE BUT 2019-2022 INVESTMENT CYCLE MIGHT DRIVE LEVERAGE UP, OPERATING ENVIRONMENT HAS BECOME MORE VOLATILE.IN UPDATE ON GLOBAL PALLADIUM FUND, NORILSK NICKEL SEES 1 MILLION OUNCES DELIVERED TO INDUSTRIAL CONSUMERS ON TOP OF NORNICKEL'S PRODUCTION IN 2017-2018.IN UPDATE ON GLOBAL PALLADIUM FUND, IT SEES INVENTORY LEVEL AT UP TO 200,000 OUNCES AT THE END OF 2018.NORILSK NICKEL SAYS THE FUND WILL CONTINUE PURCHASING PALLADIUM AND DELIVERING IT TO INDUSTRIAL CONSUMERS IN 2019.  Full Article

Russia's Nornickel says focuses on long-term output growth
Monday, 19 Nov 2018 05:00am EST 

Nov 19 (Reuters) - Russian mining giant Norilsk Nickel (Nornickel) said in a statement for its 2018 annual capital markets day::AIMS TO TRANSFORM TO A LONG-TERM GROWTH STORY FROM A 'STEADY STATE' OPERATION.NEW OPERATING EFFICIENCY PLAN TARGETS LABOUR PRODUCTIVITY GROWTH OF 12-15 PERCENT BY 2020, METAL PRODUCTION GROWTH OF 5-8 PERCENT IN SHORT-TERM.TARGETS PRODUCTION GROWTH OF 15-25 PERCENT BY 2025+ FROM EXISTING ASSET BASE, AIMS TO ADVANTAGE FROM RISING DEMAND FOR NICKEL, COPPER, PALLADIUM AMID STRUCTURAL CHANGES IN AUTOMOTIVE SECTOR.LONG-TERM OUTPUT GROWTH TO BE DRIVEN BY BROWN-FIELD EXPANSION OF TALNAKH MINES, DEVELOPMENT OF SOUTH CLUSTER, 3RD STAGE OF TALNAKH CONCENTRATOR UPGRADE; FINAL INVESTMENT DECISIONS EXPECTED IN 2019.EVALUATION OF ARCTIC PALLADIUM MINING PROJECT IS UNDER WAY.TO REDUCE SULPHUR DIOXIDE EMISSIONS IN NORILSK BY AT LEAST FOURFOLD BY 2023 AND TWOFOLD IN NICKEL TOWN AT THE BORDER WITH NORWAY.BELIEVES THAT IT HAS A STRONG COMPETITIVE ADVANTAGE TO BECOME LEADING SUPPLIER TO FAST GROWING BATTERY MATERIALS INDUSTRY.PLANS TO INVEST UP TO $2.3 BILLION IN 2019 AND $2.3-2.6 BILLION A YEAR IN 2020–2022 UNDER 'BASELINE' INVESTMENT PROGRAMME, INCLUDING ENVIRONMENTAL PROJECT.PLANS TO INVEST $10.5-11.5 BILLION IN 2019-2022, OF WHICH $1.3-1.5 BILLION CAPEX COULD BE ALLOCATED TO SOUTH CLUSTER AND TALNAKH CONCENTRATOR EXPANSION.EXPECTS OVER $300 MILLION OF ADDITIONAL EBITDA IN 2018 DUE TO HIGHER PRODUCTION AND LABOUR PRODUCTIVITY.  Full Article

Russia's Norilsk Nickel says sees 2018 capex at $1.9 bln
Monday, 13 Aug 2018 12:03pm EDT 

Aug 13 (Reuters) - GMK Noril'skiy Nikel' PAO ::Russia's Nornickel said it sees its capital expenditure at $1.9 billion in 2018..  Full Article

Russia's Norilsk Nickel appeals against Botswana court ruling
Thursday, 2 Aug 2018 04:26am EDT 

Aug 2 (Reuters) - Russian nickel and palladium producer Norilsk Nickel says: :Has submitted an appeal against a Botswana court ruling in June regarding the sale of the Nkomati and Tati facilities .The ruling effectively sought to preclude Nornickel from defending its rights in a London court .The ruling was the court's response to Nornickel's claim to recover $277 million in debt from BCL, a local state-owned enterprise.BCL Mine pulled out of a 3 billion pula ($281 million) deal in October 2016 to buy a 50 percent stake in Nkomati Nickel Mine from Norilsk due to a lack of funds, prompting the Russian firm to file a legal claim nL5N1QR0SV.  Full Article

Russia's Nornickel to continue with litigation over Nkomati
Tuesday, 24 Jul 2018 04:00am EDT 

July 24 (Reuters) - Russian nickel and palladium producer Norilsk Nickel (Nornickel) says::Nornickel will continue with litigation over the Nkomati and Tati facilities in Botswana to recover around $277 million in debt from BCL, a state-owned enterprise;.Following a recent Botswana court judgement that effectively seeks to preclude Nornickel from defending its rights in a London court, Nornickel maintains it will not abandon its legal action against Botswana's government and will use every avenue available to recover the debt;.Botswana's state-run BCL Mine pulled out of a 3 billion pula ($281 million) deal in October 2016 to buy a 50 percent stake in Nkomati Nickel Mine from Norilsk due to a lack of funds, prompting the Russian firm to file a legal claim. nL5N1QR0SV.  Full Article

Russia's Nornickel sets final 2017 dividend at 607.98 rbls/share
Thursday, 24 May 2018 12:20pm EDT 

May 24 (Reuters) - Russia's Norilsk Nickel (Nornickel) said on Thursday::Its board of directors had recommended a final dividend payment of 607.98 roubles ($9.89) per share for 2017..The final dividend in total will amount to 96.2 billion roubles (around $1.56 billion)..Taking into account the interim dividend paid for six months of 2017 (for a total amount of $600 million), the total dividend distribution for 2017 will be $2.16 billion..  Full Article