Nowadays[when?] MOSCOW, June 11 (Reuters) - Russian mining group Norilsk Nickel's GMKN.MM shares slipped on Thursday after its co-owner proposed capping 2020 dividends after a fuel spill in the Arctic city where the company is based. Norilsk Nickel “disputes the amount of environmental damage caused by the diesel leak” calculated by the Russian environmental watchdog, Rosprirodnadzor, the company said in a statement. The owner billionaire Potanin will not get any poorer because of this disaster. More. [8] There is no agreement between the United States and Russia to use United States-built submarines nor to use nuclear-powered submarines for transporting supplies. Company fleet provides sea transportation of cargo and concentrates from Norilsk to ports with rail connections. However, official statistics state that emissions remain extremely high. [15] CC VostokUgol (Russian: УК «ВостокУголь») or Vostok Coal will export up to 10 million tonnes of coal annually from the open pit mine to Western Europe and the Asia-Pacific regions. Nornickel Shuts Down Smelter in Nikel Town 23 December 2020; Nornickel’s Global Palladium Fund issues first tokens to industrial partners 22 December 2020; All news. [13] North Star LLC (Russian: ООО «Северная звезда»), a firm affiliated with Norilsk Nickel or Nornickel, will develop the field with $1.5 billion in improvements at the Port of Dixon on Cape Chaika (Russian: мыса Чайка) from Nornickel, which owns the port. An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel's major owners has become a relic of the past which the $44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters. Vladimir Potanin, Nornickel's co-owner and president, has proposed that he and other major shareholders cap the company's final 2020 dividend at $1 billion, Interros holding, which manages his assets, said on Thursday. Company:Norilsk and Taimyr Energy Company (NTEC), Power, Norilsk Nickel, MMC (Norilsk Nickel), Russia, Siberian Federal District of the Russian Federation, Norilsk [6], The plant at Nikel, Murmansk Oblast is expected to [permanently] close 23 December 2020, according to a November 2020 NRK article. It also has holdings near the Kola Peninsula at Nikel, Zapolyarny, and Monchegorsk; in western Finland at Harjavalta; and in southern Africa in Botswana and South Africa. [13], The only competitor for the rights to the Syradasai Field was from the Golevskaya Mining Company LLC (Russian: ООО «Голевская горнорудная компания»). )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. The Soviet government created the "Norilsk Combine" in 1935 and passed control to the NKVD. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Gipronickel does research in every field of metallurgy, including extraction, patenting, design and more. 2020 — 2020 — Member of the Management Board at MMC Norilsk Nickel; Sergey Bratukhin. Local environmental experts report that although there have been some reductions in pollution levels, levels of SO2, HS, phenol, formaldehyde, but dust had increased; levels of nickel and copper had increased by 50%. In partnership with Argosy Minerals of Australia, Norilsk attempted to operate Nakety/Bogota, a nickel mine on the island of New Caledonia in the South Pacific. The ore deposits are currently being extracted at greater than 1,200 m below ground. Norilsk Nickel is headquartered in Moscow and is the world's leading[citation needed] producer of nickel and palladium. [citation needed]. In 2008 Norilsk Nickel ordered five new ice-breaking cargo freighters. Russia has hit Norilsk Nickel, the world’s biggest producer of palladium and nickel, with a record $2.1bn fine over an enormous fuel spill that turned two rivers in Siberia crimson in late May. [28][26] It also said it would invest £3.5bn to modernise manufacturing by 2020. Norilsk Nickel is owned by Vladimir Potanin, Oleg Deripaska, and Roman Abramovich. MOSCOW — Russian mining group Norilsk Nickel’s shares slipped on Thursday after its co-owner proposed capping 2020 dividends after a fuel spill in the Arctic city where the company is based. This order, awarded to Aker Yards, has a value of approximately €320m for four vessels and follows Norilsk Nickel’s recent deployment of the first vessel of this type – the MS Norilskiy Nickel. It is estimated that Norilsk facilities emit 1.86 million tonnes of sulfur dioxide to the atmosphere annually, 1.9% percent of global emissions.[21]. Norilsk Nickel is a Russian nickel and palladium mining and smelting company. To implement the project, Norilsk Nickel created a design company – BESK. Norilsk Nickel becomes first miner to launch metals ETPs. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Its $3.7-billion project to capture the toxic gas won’t start working until at least 2023. [41], St. Petersburg Research Institute of the Arctic and Antarctic, Арктический и антарктический научно-исследовательский институт, Learn how and when to remove this template message, "Mining and Metallurgical Company Norilsk Nickel Consolidated financial statementsfor the years ended 31 December 2019, 2018 and 2017", "MINING AND METALLURGICAL COMPANY NORILSK NICKEL : Shareholders Board Members Managers and Company Profile | RU0007288411 | MarketScreener", "Mining Journal - Rusal rejects Norilsk's buy-back offer", "Abramovich trims Nornickel stake in $551 million share sale", https://www.nrk.no/tromsogfinnmark/lille-julaften-stenger-russerne-norges-storste-miljoproblem-1.15254178, "Mining Journal - Norilsk selling Stillwater", "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", "Nornickel promises halt in death clouds", РУСАЛ призвал не кормить троллинг по поводу толлинга, "Where the river runs red: can Norilsk, Russia's most polluted city, come clean? Its $3.7 billion project to capture the toxic gas won’t start working until at least 2023. Type a symbol or company name. The STIP erupted over one million cubic kilometres of lava, a large portion of it through a series of flat-lying lava conduits lying below Norilsk and the Talnakh Mountains. In 2010, Vladimir Putin visited Norilsk and complained about the pollution, threatening a “significant increase in environmental fines” if the company did not modernise its plant. Aerial photo of the Norilsk oil spill. Interros Holding Company, based in Moscow, is the controlling shareholder of Norilsk. Organization stores documents since 1916, i.e. Norilsk Nickel company - the ultimate owner of the diesel storage - has insisted it was successful in stemming the pollution, but Kavanosyan questions this as he releases the video of him measuring contamination of Pyasina River which flows into the Arctic Ocean. [11][12], On 27 February 2008, Norilsk Nickel through North Star LLC diversified into the coal mining industry by obtaining mining rights for 33.6 million rubles to the estimated 5.7 billion tonnes at the Syradasai Field near the port of Dixon (Russian: Диксон) in Taymyrsky Dolgano-Nenetsky District (Russian: Таймыр). Remove this presentation Flag as Inappropriate I Don't Like This I like this Remember as a Favorite. The nickel deposits of Norilsk-Talnakh are the largest nickel-copper-palladium deposits in the world. By 2013, owner Vladimir Potanin had begun to invest in environmental measures. Nickel Prices Are Still Persistently Weak As Norilsk Keeps Production Up By MetalMiner - Mar 15, 2016 Few metals have confounded investors and market analysts more than nickel. The ore is mined underground via several shafts, and a decline. [37] An area of up to 350 square kilometres (135 square miles) was contaminated. Potanin’s Interros holding, aluminium producer Rusal and some other stakeholders signed the agreement on dividend payouts to end Earlier it was reported that the Russian "Norilsk Nickel", the world's largest producer of nickel and palladium, closed a metallurgical plant in the city of Nikel in northern Russia. By Polina Devitt and Anastasia Lyrchikova. © 2021, Nasdaq, Inc. All Rights Reserved. The company is listed on MICEX-RTS. The ore deposits are drilled from the surface. The environmental problems at Norilsk stretch back over decades, but in the last 10 years when current NN management came to power it did not get much better. Company official said in their comment that NN spent over 19 bln roubles on environmental activity and 1 billion more will be spent till 2015. Further reading. The construction of the transmission line lasted in 2015. They are conclusively able to image the conduction nickel ore at depths in excess of 1,800 m. 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