Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(MNOD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mining and Metallurgical Norilsk Nickel : Nornickel announces production results for 1Н 2021

07/20/2021 | 06:04am EDT

Moscow, July 20, 2021 - NornickelPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossary, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated operating results for the second quarter and the first half of 2021 and production outlook for the full year 2021.

Senior Vice-President, Operations, Sergey Stepanov commented on the 1H2021 production results,

'In 2Q and 1H 2021, the output of all key metals reduced owing to one-off factors such as the temporary suspension of Oktyabrsky and Taimyrsky underground mines of the Norilsk division due to the natural groundwater inflow and an accident at Norilsk Concentrator. Currently, recovery of these assets is progressing by and large in line with the schedule.

The water inflow to these mines was effectively stopped in late March. The Oktyabrsky mine resumed full production by the middle of May, however the restoration of mining at the Taimyrsky mine has been delayed due to larger than expected volume of recovery work. As the industrial and environmental safety is our absolute priority, having pumped out the water, we are reinforcing supports in the mine underground workings. The Taimyrsky mine has been already restored to 80% capacity since resuming operation in early June and expected to return to full capacity by the end of this November.

The technical audit of the Norilsk Concentrator was completed in the second quarter. The construction defects identified by the audit have been completely fixed by now. The Concentrator has already reached 85% of its design capacity and is expected to return to full capacity in early October this year.

Taking into account the current progress in the restoration of the impacted production capacity of the Norilsk division, as well as the efficiency gains at other mining assets, we reiterate previously announced 2021 metal production forecast'.

This announcement contains inside information in accordance with Article 7 of EU Regulation 596/2014 of 16 April 2014.

Full name and position of person making the announcement - Vladimir Zhukov, Vice - president, Investor Relations.

ABOUT THE COMPANY
MMCMining and Metallurgical CompanyGo to the glossaryNorilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.

The production units of Norilsk Nickel GroupPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossaryare located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland and South Africa.

MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.

20 July 2021

Disclaimer

OJSC MMC Norilsk Nickel published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 10:03:10 UTC.


© Publicnow 2021
All news about MINING AND METALLURGICAL COMPANY NORILSK NICKEL
09/08PUBLIC JOINT STOCK MINING AND METALL : Nornickel generates value from waste tail..
PU
09/07Gold steadies below $1,800 as firm dollar, yields weigh
RE
09/07Nornickel tests extraction of metals from waste after flooding hit output
RE
09/06PUBLIC JOINT STOCK MINING AND METALL : Nornickel's Palladium Fund issues carbon-..
PU
09/03PUBLIC JOINT STOCK MINING AND METALL : 6.4 mb
PU
09/03MINING AND METALLURGICAL NORILSK NIC : Nornickel Seeks Voluntary Settlement With..
MT
09/03MINING AND METALLURGICAL NORILSK NIC : Nornickel to negotiate settlement agreeme..
EQ
09/02PUBLIC JOINT STOCK MINING AND METALL : Nornickel, Rosatom and Far East Shipbuild..
PU
08/20PUBLIC JOINT STOCK MINING AND METALL : Nornickel's shareholders approved reducti..
PU
08/20MINING AND METALLURGICAL NORILSK NIC : Nornickel's shareholders approved reducti..
EQ
More news
Analyst Recommendations on MINING AND METALLURGICAL COMPANY NORILSK NICKEL
More recommendations
Financials (USD)
Sales 2021 17 805 M - -
Net income 2021 7 660 M - -
Net Debt 2021 7 298 M - -
P/E ratio 2021 6,12x
Yield 2021 11,3%
Capitalization 48 626 M 48 626 M -
EV / Sales 2021 3,14x
EV / Sales 2022 3,07x
Nbr of Employees -
Free-Float 39,3%
Chart MINING AND METALLURGICAL COMPANY NORILSK NICKEL
Duration : Period :
Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | MNOD | US55315J1025 | MarketScreener
Technical analysis trends MINING AND METALLURGICAL COMPANY NORILSK NICKEL
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 31,81 $
Average target price 37,84 $
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Vladimir Olegovich Potanin President & Chairman-Management Board
Sergey Gennadyevich Malyshev Chief Financial Officer & Senior Vice President
Gareth Peter Herbert Penny Independent Non-Executive Chairman
Sergey Stanislavovich Stepanov Operational Director & Senior Vice President
Sergey Borisovich Bratukhin Independent Director
Sector and Competitors