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NORNICKEL: Nornickel dismisses Talnakh concentrator management for enviro violations

  • Date: 13-07-20
  • Category: NORNICKEL
  • Source: Mining Weekly

Russian mining company Nornickel has dismissed the management of the Talnakh concentrator for gross misconduct, after an internal investigation discovered two instances of unauthorised industrial water discharge.

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NORNICKEL: Norilsk oil spill: Tensions rise as Nornickel disputes extent of damage

  • Date: 09-07-20
  • Category: NORNICKEL
  • Source: Mining Technology

On 29 May 2020, a fuel storage tank at Norilsk-Taimyr Energy’s Thermal Power Plant No. 2 – owned by Russian nickel and palladium producer Nornickel – failed, flooding local rivers with an estimated 20,000 tonnes of diesel oil. The incident has been declared a state of emergency and is the second-largest oil spill in modern Russian history. Here’s how the oil spill has transpired so far, and what Nornickel is doing to rectify the disaster.

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NORNICKEL: Norilsk Nickel fined record $2.1bn over Siberia fuel spill

  • Date: 07-07-20
  • Category: NORNICKEL
  • Source: Financial Times

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.

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NORNICKEL: Nornickel will monitor the state of permafrost

  • Date: 05-07-20
  • Category: NORNICKEL
  • Source: BM Magazine

Russia’s Norilsk Nickel , a major global nickel and palladium producer, is planning to finish the bulk of work on cleaning up the consequences of the fuel spill in the north of Russia by winter and plans to complete its own system for monitoring permafrost, buildings and structures, the company said.

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NORNICKEL: Russia temporarily halts parts of Nornickel power unit after fuel spill

  • Date: 03-07-20
  • Category: NORNICKEL
  • Source: Reuters

MOSCOW (Reuters) - Russia’s safety watchdog on Friday ordered NTEK, a power unit of mining giant Norilsk Nickel, to suspend operations at six facilities for 90 days for violating safety rules, following a fuel spill in the Arctic.

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NORNICKEL: Norilsk Nickel caught dumping poisonous waste into rivers month after the catastrophic diesel leak

  • Date: 29-06-20
  • Category: NORNICKEL
  • Source: Siberian Times

Journalists Yelena Kosyuchenko and Yuri Kozyrev from Novaya Gazeta newspaper, and a team of ecologists filmed two large pipes dumping poisonous water from the factory’s tailings storage into River Kharaelakh, Lake Pyasino and on the surrounding tundra.

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NORNICKEL: Nornickel Will Pay A Dividend Yield Of 10% For 10 Years

  • Date: 28-06-20
  • Category: NORNICKEL
  • Source: Seeking Alpha

Norilsk Nickel (OTCPK:NILSY) (Nornickel) is a large miner of precious metals that earns enough revenue to pay 10-11% of the yield and has growth projects, due to which the dividend will grow over a period of 10 years. Furthermore, Nornickel’s metal basket has growth potential, and if you believe in an inflationary economic recovery, Nornickel is a good bet for the long term. I recommend that you BUY at prices below $29/share.

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NORNICKEL: Cleanup for Arctic oil spill tops $1B

  • Date: 21-06-20
  • Category: NORNICKEL
  • Source: Guam Daily Post

MOSCOW – President Vladimir Putin said on Friday the scale of the clear-up operation after a huge fuel spill in the Arctic was unprecedented for Russia, with Greenpeace estimating the environmental damage to waters in the region at $1.4 billion.

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