Latest MMC Norilsk Nickel Stories
NEW YORK, Feb. 1, 2013 /PRNewswire/ -- According to Wild East Blog, 2012 was a busy year for lawyers, investigative reporters and corporate social responsibility activists in Russia as a number of high-profile corporate scandals and conflicts erupted, or continued to smolder, across the nation. This escalation in corporate battles is best explained by lack of quality assets still up for grabs after privatizations and property redistributions of the 1990s and early 2000s. Ongoing...
LONDON, March 20, 2012 /PRNewswire/ -- Russia is the second largest manufacturer of platinum group metals (PGM) and the largest producer of palladium globally. In 2010, the total Russian PGM output accounted for 34% of global production. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the Russian Platinum Group Metals Market, finds that the Russian PGM market produced 3.5 million ounces in 2010 and estimates this to reach 4.3 million...
MOSCOW, April 20, 2011 /PRNewswire/ -- Mikhail Delyagin, a prominent Russian economist and the head of the Globalization Institute, presented his report "Why Corporate Governance Is Back On The Agenda Today, And Why Russian Corporations Need It." In his report, the author delves into the business and operations of Norilsk Nickel, one of Russia's industrial giants. Delyagin says that one of the key problems affecting the competitiveness of many national industry players in Russia, especially...
MOSCOW, February 24, 2011 /PRNewswire-FirstCall/ -- UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), the world's largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announced today that Glass, Lewis & Co. ("Glass Lewis"), the leading independent institutional proxy advisory service, recommended that shareholders of Norilsk Nickel vote FOR the proposal by RUSAL to approve the early termination of the powers of the Norilsk Nickel Board of...
MOSCOW, October 8, 2010 /PRNewswire-FirstCall/ -- UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel ("Norilsk Nickel" or the "Company"), announced today that Glass, Lewis & Co. ("Glass Lewis"), a leading independent institutional proxy advisory service, recommends that shareholders of Norilsk Nickel vote FOR the proposal to approve the early termination of the powers of the...
MOSCOW, September 8, 2010 /PRNewswire-FirstCall/ -- UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel ('MMC'), today presents a detailed strategy aimed at increasing the value of Norilsk Nickel and protecting the interests of its all shareholders. The strategy is based on a detailed programme of change. To promote the programme, RUSAL is launching the 'Save Norilsk Nickel' website, which contains...
LONDON, August 5, 2010 /PRNewswire/ -- An upcoming sale by Russian aluminium giant Rusal, controlled by Oleg Deripaska, of its stake in Norilsk Nickel (LSE: MNOD, OTCBB: NILSY) to the Russian Government would end the long drawn-out conflict between the principal shareholders of the world's largest producer of nickel and palladium and increase the likelihood of the creation from it of a Russian "national champion" in metals. Leading analysts believe that such a scenario is likely to be...
A gold mining community in Siberia has received a financial boost from the richest man in Russia, who has decided to register as a resident. Mikhail Prokorov's action means that his tax payments will go to the local budget of Krasnoyarsk Territory, where the village of Yeruda is located, RIA Novosti reported. No one expects Prokorov, who was previously registered in Moscow, to move to Yeruda, the Russian news agency said. Last year, he spent 500 million euros (almost $700 million) on a...
A mega merger proposal in Russia would result in the Kremlin controlling 25 percent plus one share of a company that includes an Oregon steel maker. The merger would include Evraz Group, which bought Oregon Steel Mills in 2007 for $2.35 billion, The Oregonian reported Monday. Norilsk Nickel shareholders Vladimir Potanin and Oleg Deripaska have proposed the merger, which would also involve mining company Metalloinvest, potash-producer Uralkali and titanium-producer VSMPO-Avisma, the newspaper...
NEW YORK, Feb. 12 /PRNewswire/ -- As worldwide demand for metal plummets, Russia's top metals producers are finding that bailouts aren't enough. Instead, the industry's leaders have proposed a massive merger of their assets to create a quasi-state metals holding company. The most active proponent of the merger is Metalloinvest chief executive Alisher Usmanov (#91 on the Forbes Billionaires List). Russian media report that the iron and steel magnate is hoping to merge his iron ore assets...
