Archive | Norilsk Nickel

Russian indigenous peoples call on Elon Musk not to buy battery metals from Nornickel – by Thomas Nilsen (The Baren Observer – August 7, 2020)

https://thebarentsobserver.com/en/

The company that recently made international headlines for causing environmental disasters on the Taimyr Peninsula by spilling 20,000 tons of diesel fuel into a river in the fragile Arctic ecosystems is under increased pressure.

In a letter to Elon Musk, CEO of Tesla, the Aborigen Forum urge him not to buy nickel, copper and other products from Nornickel until the company conducts a full and independent assessment of the environmental damage caused by its production.

This week, The Barents Observer could tell the story about dying tree leaves caused by massive air-pollution over a several square kilometers large area near Nornickel’s smelters in Monchegorsk on the Kola Peninsula. Continue Reading →

Pandemic Helps Russia Tighten Its Grip on a Key Strategic Metal – by Yuliya Fedorinova and Felix Njini (Bloomberg News – July 2, 2020)

https://ca.finance.yahoo.com/

(Bloomberg) — As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market.

MMC Norilsk Nickel PJSC was already the No. 1 miner of the metal used in autocatalysts, but the crisis has allowed it to gain market share. That’s because Nornickel’s Russian operations have barely missed a beat, while its main rivals in South Africa are struggling to ramp up production after shuttering mines during a national virus lockdown.

“Norilsk Nickel has always been considered as the last company to die,” said Artem Bagdasaryan, an analyst at BCS Global Markets. “The pandemic only highlights it.” Continue Reading →

Russian mining giant behind major Arctic fuel spill admits waste ‘violations’ (South China Post – June 29, 2020)

https://www.scmp.com/

Agence France-Presse – A Russian mining giant behind an enormous Arctic fuel spill last month said Sunday it had suspended workers at a metals plant who were responsible for pumping waste water into nearby tundra.

Norilsk Nickel cited a “flagrant violation of operating rules” in a statement announcing it had suspended employees responsible for dumping waste water from a dangerously full reservoir into wildlife.

The incident occurred at the Talnakh enrichment plant near the Arctic city of Norilsk, the company said, one month after the unprecedented fuel leak sparked a state of emergency declared by President Vladimir Putin. Continue Reading →

The Oil Spill From Russian Nickel Mine Is Moving Toward The Arctic Ocean (NPR.org – June 16, 2020)

https://www.npr.org/

AILSA CHANG, HOST:

There is an environmental disaster developing in the Arctic. More than 150,000 barrels of diesel oil from a mining complex spewed into a river in northern Russia late last month. It is the biggest oil spill in the Arctic to date. And now the oil slick is moving towards the Arctic Ocean. NPR international affairs correspondent Jackie Northam reports.

JACKIE NORTHAM, BYLINE: Most Arctic experts agree that the three great concerns for the frozen north are climate change, stranded ships and oil spills.

VICTORIA HERRMANN: To get a response to an oil spill in the Arctic Ocean means that you have to move infrastructure, expertise, ships from more southern ports up to the Arctic. Continue Reading →

Huge Arctic Fuel Spill May Have Been Triggered by Climate Change – by Yuliya Fedorinova (Bloomberg News – June 4, 2020)

https://ca.finance.yahoo.com/

Russia declared a federal state of emergency in part of Siberia after a massive fuel spill that MMC Norilsk Nickel PJSC said could have been caused by melting permafrost.

The May 29 incident, in which 20,000 tons of diesel leaked from a reservoir owned by Nornickel, may revive concerns about the effects of climate change on infrastructure in the Arctic. Scientists have warned for years that thawing of once permanently frozen ground covering more than half of Russia is threatening the stability of buildings and pipelines.

Greenpeace said the accident was the largest ever in the Arctic region, and likened it to the Exxon Valdez spill off Alaska in 1989. The cause of the spill hasn’t been determined, but Nornickel First Vice President Sergey Dyachenko said on Thursday it could be the result of damage from melting permafrost. The rate of warming in the Arctic is twice as fast as the rest of the world. Continue Reading →

UPDATE 1-Russia’s Nornickel warns of coronavirus risks, reports leap in profit (Reuters U.S. – February 26, 2020)

https://www.reuters.com/

MOSCOW, Feb 26 (Reuters) – Russian mining giant Norilsk Nickel (Nornickel) said on Wednesday it expected uncertain times ahead in two of its key markets — nickel and copper — as the coronavirus outbreak continues to disrupt both demand and supply.

The company, which reported 2019 net profit up 95% compared to the previous year, said the outbreak, which originated in China, made the future health of these markets hard to predict.

“The Chinese government restrictions on mobility, extended work holidays and mandatory closures have imposed a significant disruption to the supply chain and already had a significant impact on end consumption,” Nornickel said, referring to nickel markets. Continue Reading →

World’s biggest nickel miner has a plan for its crisis-ridden border town: here could come a hub for Arctic tourism – by Atle Staalesen (The Barents Observer – January 23, 2020)

https://thebarentsobserver.com/en/

There is a sense of crisis in the small town of Nikel located on the border to Norway and Finland. Here, most men and women have for the past three generations had their lives closely connected with the local nickel smelter.

Now, the cornerstone industry is closing and several hundred people will be dismissed in the course of the year. Locals fear that Nikel will be abandoned and turned into a ghost town.

However, local authorities and the nickel company assure that there will be new industries created that locals can be re-trained and re-employed in new jobs. Continue Reading →

Cobalt market to avoid shortage despite Congo mine closure: Nornickel – by Anastasia Lyrchikova and Polina Devitt (Reuters U.S. – October 29, 2019)

https://www.reuters.com/

MOSCOW (Reuters) – Cobalt supply will remain robust despite a price slide that has already led to the closure of a major mine, Russia’s Norilsk Nickel said, as most is produced as a byproduct of more buoyant metals like nickel and copper.

Prices of the battery metal surged in 2017 and 2018 on expectations for an electric vehicle revolution, but have fallen this year due to excessive supply and the impact of the U.S.-China trade war.

They are now down 60% from their spring 2018 peak. In August global mining and trade giant Glencore said it would shutter its Mutanda mine in the Democratic Republic of Congo from year-end for two years due to low cobalt prices. Continue Reading →

On ‘Island’ in Russian Arctic, Arrival of Fast Internet Shakes Political Calm – by Anton Troianovski (New York Times – October 21, 2019)

https://www.nytimes.com/

Residents of Norilsk long felt isolated from their country’s turbulence. Then a mining company strung a fiber-optic cable across 600 miles of tundra.

NORILSK, Russia — On a screen, the California sun beams through the palm fronds and the Walk of Fame gleams underfoot. This island of mines and smokestacks in the tundra has high-speed internet now, so Andrei Kurchukov watches videos about America.

Videos by one of his favorite YouTube personalities, Marina Mogilko, feature interviews with fellow Russian expatriates in the United States. “Los Angeles,” she tells her one million followers, is “where Russian dreams come true.” “I watch her and think, alas,” Mr. Kurchukov said. “So what we’re showing about the rotting West is false.”

Closed to foreigners, unreachable by road and shrouded in darkness for 45 days a year, Norilsk, an Arctic nickel-mining hub of 180,000, is Russia’s most isolated major city. Lacking reliable digital communication with the rest of the country — “the continent,” they call it — residents used to fly home with external hard drives full of downloaded books and movies after their trips out. Continue Reading →

Russia’s Norilsk and S.African coal town Kriel top SO2 emissions hot spots -NASA data (CNBC.com – August 19, 2019)

https://www.cnbc.com/

JOHANNESBURG, Aug 19 (Reuters) – Russia’s Norilsk smelter complex and a town in South Africa’s eastern coal mining province have the highest sulphur dioxide (SO2) emissions in the world, according to satellite data from U.S. space agency NASA.

The NASA-compiled data published on Monday was commissioned by environmental group Greenpeace India and used the space authority’s satellites to track anthropogenic sulphur dioxide emission hot spots around the world.

Scientists say that excessive exposure to SO2 particles causes long-term respiratory difficulties and stunted growth in infants among other problems. Continue Reading →

About 7,000 families move out from Norilsk Industrial District since 2011 (Tass Russian News Agency – June 27, 2019)

https://tass.com/

KRASNOYARSK, June 27. /TASS/. About 7,000 families have been moved since 2011 from the Norilsk Industrial District (the Krasnoyarsk Region’s north) to regions with better climate conditions, Nornickel’s Vice President Dmitry Pristanskov said on Wednesday at presentation of the company’s report on sustainable development.

In 2011, Russia’s Ministry of Regional Development, the Krasnoyarsk Region, the city of Norilsk and the Norilsk Nickel Company (Nornickel) signed an agreement to support families, who wanted to move out from Norilsk and Dudinka (the Taimyr Municipal District’s center).

People, who have worked in the Extreme North for more than 15 years could participate in the program. The most preferred destinations have been the Krasnoyarsk, Moscow, Leningrad and Krasnodar Regions. Continue Reading →

Russia’s Murmansk region among country’s 10 most polluted, says government agency – by Anna Kireeva (Bellona.org – June 13, 2019)

https://bellona.org/

Officials have said that Murmansk Region ranks among those with the most polluted air in the country, according to a new report published by Rospotrebnadzor, Russia’s federal consumer rights agency.

The report, entitled “On the state of sanitary and epidemiological wellbeing of the population of the Russian Federation in 2018,” paints a stark picture of drier, hotter weather conditions conspiring with industrial pollution all while higher levels of toxins are being measured in area soil.

Specifically, the report says that heavy metal quantities in soil found in residential zones of the Murmansk Region exceed legal measures by three times. Chemical substances found in playgrounds and other areas geared toward children exceeded hygienic standards by the same amount. Continue Reading →

Palladium’s price gap over platinum needs to shrink – Nornickel (Reuters/MiningWeekly.com – May 13, 2019)

https://www.miningweekly.com/

LONDON – The price gap between palladium and its sister metal platinum needs to shrink as number one platinum producer South Africa requires a higher price for the metal to keep investing in new supply, Russia’s Norilsk Nickel said.

Norilsk is the number one producer of palladium, accounting for more than 40% of global output, and is also a leading supplier of platinum. Both metals are used to curb harmful emissions from cars.

While palladium prices have soared by more than a third in the last five years, platinum has slumped by more than 40%. It is now around $490 an ounce cheaper than palladium, against an average premium over the last 30 years of $435. Continue Reading →

Russia’s Richest Man Plans Crypto Tokens Backed by Palladium – by Yuliya Fedorinova (Bloomberg News – March 27, 2019)

https://www.bloomberg.com/

MMC Norilsk Nickel PJSC and its billionaire chief Vladimir Potanin are planning several digital platforms, including using crypto tokens for trading palladium.

The world’s top palladium producer is in talks with Swiss authorities about issuing tokens by its Switzerland-based palladium fund, and may eventually expand the concept to other metals, Potanin said in an interview in Moscow.

“People more and more tend to use decentralized networks and platforms that don’t have a main operator,” he said. “We want to be active participants of this process,” as trading in digital tokens has many advantages, he said. Continue Reading →

PRECIOUS-Palladium breaches $1,550/oz as supply fears grow; gold steadies – by Arijit Bose and Eileen Soreng (Reuters U.K. – February 26, 2019)

https://uk.reuters.com/

Feb 26 (Reuters) – Palladium broke past $1,550 an ounce for the first time on Tuesday on the back of intensifying supply deficit, while gold steadied after U.S. Federal Reserve Chairman Jerome Powell reiterated the central bank’s patient stance in further rate hikes.

Spot palladium soared to $1,565.09 per ounce earlier in the day, and was up 0.9 percent at $1,555 by 2:25 p.m. EST (1925 GMT).

“Palladium is up based on the fact that there are 15 mining firms in South Africa, that could go on strike this week,” Bob Haberkorn, senior market strategist at RJO Futures. Continue Reading →