The usual amount of dividends will not be available in 2022 or presumably in 2023, Nornickel CEO Vladimir Potanin said. The nearest decision on dividends will be traditionally discussed and made in autumn. Agreement between the major shareholders of Nornickel, which provides for the payment of certain dividends on a mandatory basis, will expire on January 1,...

MMC Norilsk Nickel and Rusal have returned to the idea of merging their companies, President of Norilsk Nickel Vladimir Potanin said. The merger is an alternative to renewal of the shareholder agreement, which expires at the end of this year, he explained. The companies first began discussing a merger in 2008 after Rusal acquired a 25% stake in Nornikel, but...

Rosatom State Corporation has estimated the capital cost of developing the Kolmozerskoye lithium deposit as part of a joint venture with Nornikil at ₽90 billion. The deposit is the largest in Russia with reserves of 75 million tons of ore. At the moment, there are public consultations on the project and the right to develop the deposit will be auctioned by t...

Nornickel is planning to build a new copper production plant, Big Copper, in the Murmansk region. Once commissioned, the plant will increase output by 40%, increase labor productivity by 2.5 times, and reduce gas emissions by 99.5%. The volume of investment in the project will be ₽140 billion, and the area of the development will be more than 100 soccer fiel...