United Company Rusal, the metals conglomerate owned by Russian billionaire Oleg Deripaska, is attempting to reverse the buyback of Norilsk Nickel after the court order freezing the buyback had come too late.
When the minority shareholders of Norilsk Nickel confirmed a $2 billion buyout in August, Deripaska demanded a dividend payout instead. The controversial metals tycoon [...]

Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]

Norilsk Nickel is targeting a supplementary listing on the London Stock Exchange for the beginning of July, said the Russian metals giant’s chief executive, Denis Morozov.
“The listing will broaden the base for investors, give us more liquidity and, in time, a higher capitalization,” Interfax quoted Morozov as saying.
Norilsk initially had intended to list in London [...]

Head of Interros and one of the main shareholders of Norilsk Nickel Vladimir Potanin has recommended the managers of the Russian mining and metallurgical company to launch a new round of talks with UC RUSAL on the divestment of energy assets into an independent company, the Russian businessman told journalists today. Potanin noted that he [...]

Norilsk Nickel made a net loss of $916.4 million calculated to Russian Accounting Standards (RAS) in the first quarter of 2008, the world’s largest nickel and palladium company has said in a statement.
Norilsk Nickel posted on Wednesday a preliminary output report saying its nickel production increased 22% to 74,572 metric tons in the first quarter [...]

Russian metals giant Norilsk Nickel said on Wednesday first-quarter 2008 nickel output rose to 74,572 tonnes from 60,913 tonnes in the same quarter of 2007.
Palladium output in the first quarter was 597,000 ounces, Norilsk said in a statement. First-quarter palladium output in 2007 was 716,000 ounces.
The palladium figures did not include output by Norilsk’s U.S. [...]

The deposit, in the Republic of Buryatia in Russia, makes up one section of the larger Okino-Klyuchevsky coal field, which has 200 million tonnes of reserves and is about 120 km (75 miles) - MOSCOW, April 16 - Russian electricity producer OGK-3 has won a tender to develop a coal field with reserves of 33.8 [...]

Norilsk Nickel has prolonged its preliminary offer to sell a one-percent stake in Polyus Gold, equaling to 1,920,826 common shares, until March 25, the Russian nickel and palladium producer’s documents state. It was announced earlier that UBS, Norilsk Nickel’s agent and financial advisor for the deal, was to receive the initial offers no later than [...]

OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (”LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian Competition Act of 5 March 2004 [...]

Recent decreases in the price of nickel do not signal a break in the extraordinary times enjoyed by the industry, including Greater Sudbury miners, observers say.
“The fundamental market, the premiums in the nickel business are still holding up very strong. They haven’t changed at all,” Montreal-based nickel analyst Terry Ortslan said Friday.
After falling below US [...]