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Sale Earnings Of Mine Nickel Norilsk Nickel’s Declines
Norilsk Nickel’s net profit fell by one-third in the first half of the year as the world’s largest nickel miner succumbed to rampant inflation in Russia and a 40 percent decline in the price of the metal.
Norilsk’s stock on the MICEX fell 17.7 percent Friday, falling further than the 6.1 percent decline on the MICEX [...]
Russia OGK-2 Plans Purchase Of Coal Mining Deposits
Russian power producer OGK-2 is eyeing a $1.6 billion capital increase to fund the purchase of coal deposits, as other forms of funding dry up amid the credit crisis.
A share sale would make OGK-2 the fourth major electricity company forced by the financial drought to raise fresh equity capital. Like other power groups OGK-2 wants [...]
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
Russian Mining Company, Norilsk Nickel Agree on Sale 16.6% of Arctic Mining Stake
The biggest mining deals in Russia this year, the metals tycoon on Tuesday would sell 16.6 percent of the Arctic mining giant Norilsk Nickel to his former business partner.
The two tycoons agreed last year to divide their holdings in Norilsk, a Russian factory founded by Stalin, whose value soared along with high commodity prices. Norilsk [...]
Mining Company ExplorationReported : Stillwater Mining Reports Second Quarter 2007
STILLWATER MINING COMPANY (Nachrichten) today reported a second quarter 2007 net loss of $2.5 million, or $0.03 per fully diluted share, on revenues of $161.0 million. The 2007 second quarter loss compares to a loss of $2.3 million, or $0.03 per fully diluted share, on revenues of $116.8 million in the second quarter of 2006.
For [...]
TSX posts triple-digit gain as technology sector surges on RIM earnings
TORONTO (CP) – The Toronto stock market rang up a triple-digit early gain Friday as the information technology group surged ahead after a strong quarterly report from Research In Motion (TSX:RIM).
The S&P/TSX composite index rose 125.54 points to 13,841.21 as the final trading day of the second quarter got underway ahead of the three-day [...]
Higher pgms prices boost profits at Norilsk Nickel 11th June 2007
Norilsk Nickel recorded sales of 750,000 ounces of platinum and 3.22 million ounces of palladium in 2006 – helping the company to post a 154 per cent rise in annual profits to $5.965 billion.
The company’s sales volumes for platinum represent a slight decline from last year when some 758 oz were sold.
However, owing to a [...]
Nickel of Norilsk, Interros to dominate panel OGK-3
Representatives of the nickel of MMC Norilsk (RTS: GMKN) and Interros obtained seven representatives elected with the council of 11 directors to OGK-3 (RTS: The wholesale of OGKC) producing company during the meeting of its annual shareholders, the company indicated in a press release. Voice of RAO EU Russia (RTS: EESR) seem to have helped [...]
Russian nickel producer makes play for Canadian rival
GMK Norilsk Nickel, the world’s largest nickel producer, offered 5.3 billion Canadian dollars Thursday for LionOre Mining International in an effort to break up Xstrata’s agreement to buy LionOre.
Norilsk’s offer of 21.50 dollars a share in cash is 16 percent more than the 18.50-dollar-a-share bid made March 26 by Xstrata, which is based in Zug, [...]
