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MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(MNOD)
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Public Joint Stock Mining and Metallurgical Norilsk Nickel : Nornickel generates value from waste tailings

09/08/2021 | 01:12pm EDT

Nornickel's Polar Division carried out successful pilot testing of the technology to extract valuable components from pyrrhotite with a low nickel content. The pyrrhotite is generated at Talnakh Concentrator after the main cycle completes and is in effect a dump product to be discharged to the tailing dam. The new technology provides a significant boost in metal recovery for the Company.

It took Polar Division three months to conduct the pilot tests to recover valuable components. In the first half of the year, as ore mining was limited due to the flooding at two mines caused by snow melt, the Company faced the need to find sufficient feedstock to ensure better use of output capacity of its concentration and metallurgical facilities. Nornickel's Polar Division and South Cluster (part of the Norilsk Division) teamed up to create a technical solution to recover additional products from some waste tailings generated at Talnakh Concentrator. Their research showed that pyrrhotite with a low nickel content can be most effectively processed at Norilsk Concentrator (an internal business unit of South Cluster).

In early August, the first phase of the pilot testing was over and proved to be successful. The technology helped recover the additional amount of around 200 t of nickel, 50 t of copper, over 80 kg of platinum group metals, around 2 kg of gold and 44 kg of silver. Further studies have been underway to determine the reagent scheme at the concentration facilities. The updated scheme is expected to allow the Company to substantially increase recovery of valuable components from low-grade products.

Disclaimer

OJSC MMC Norilsk Nickel published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 17:11:02 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 17 413 M - -
Net income 2021 7 179 M - -
Net Debt 2021 7 384 M - -
P/E ratio 2021 6,77x
Yield 2021 10,9%
Capitalization 49 543 M 49 543 M -
EV / Sales 2021 3,27x
EV / Sales 2022 3,17x
Nbr of Employees -
Free-Float 39,3%
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Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | MNOD | US55315J1025 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 32,41 $
Average target price 36,08 $
Spread / Average Target 11,3%
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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
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