Latest Norilsk Stories

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...

NEW YORK, Dec. 2 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Nickel - Global Market Opportunities http://www.reportlinker.com/p0164496/Nickel---Global-Market-Opportunities.html Global demand for nickel is being primarily driven by the rising production of stainless steel in emerging economies. The market is witnessing rise in consolidations with bigger companies on a spree to acquire smaller players. The consolidation trend is...

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...

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...

NEW YORK, Feb. 1 /PRNewswire/ -- Severely weakened by the economic crisis, Russia's top metals producers are embracing a proposal to merge into one massive company. The merger, which is subject to state approval, would make the industry less vulnerable to the rapid shifts in demand that characterize economic downturn. But while the metals giants agree on the basic plan, they differ about how much government support is needed. Alisher Usmanov, CEO of iron ore and steel producer...

MOSCOW. Oct 3 (Interfax) - Shares in MMC Norilsk Nickel (RTS: GMKN), the world's biggest nickel and palladium producer as well as a large producer of copper, platinum and cobalt, plummeted more than 12% on Friday following the release of weak financial results for the first half of 2008. Norilsk said unaudited net profit to International Financial Reporting Standards (IFRS) fell 33.2% year-on-year to $2.682 billion in the half. This was way below the $3.808 billion forecast by analysts....