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 [...]
Mikhail Prokhorov returned to his office at Norilsk Nickel headquarters on Monday, his spokesman proclaiming that his four-day detention by the French police on suspicion of pimping was a “regrettable misunderstanding”.
While that may very well be the case for the French, what Russian rivals of Prokhorov will now understand about the scandal could be regrettable [...]
Mikhail Prokhorov returned to his office at Norilsk Nickel headquarters on Monday, his spokesman proclaiming that his four-day detention by the French police on suspicion of pimping was a “regrettable misunderstanding”.
While that may very well be the case for the French, what Russian rivals of Prokhorov will now understand about the scandal could be regrettable [...]
Standard & Poor’s credit analysts have rated the world’s largest nickel miner Russia’s Norilsk Nickel “stable†with a “BBB-“, citing its reserves, large-scale production, product diversification and costs.
Moscow-based analysts Elena Anankina and Tatiana Kordyukova also rated Norilsk favorable for its strong market position, low debt and prudent financial policy.
Nevertheless, S&P warned of the risks of [...]
Net profit at Russian mining giant MMC Norilsk Nickel , according to the company’s IFRS report, increased 140% year-on-year from $974 million in the first half of 2005
to $2.367 billion in the same period this year, which was much higher than forecast by analysts.
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