Central Bank proposes legal framework for tokenization

Anastasia Bogdanova | February 19, 2020
img0 The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday, Coin Desk writes in the article Russia’s Central Bank Proposes New Token Framework, but Labels Crypto Transactions ‘Suspicious’. The CBR announced it had successfully piloted a ...

NorNickel gets Russian central bank go ahead for blockchain tokenized assets

Anastasia Bogdanova | February 17, 2020
img0 Following a successful Bank of Russia blockchain pilot using its sandbox, the central bank has given the green light to a Norlisk Nickel (NorNickel) digital asset tokenization platform. The approval is subject to the new federal law “On Digital Financial Assets” coming into force. Currently, Russian legislation requires digital platforms to be operated by banks and exchanges. ...

Russia’s Nornickel boosts Q3 output at its copper project

MINEX Forum | November 1, 2018
img0 Production at Russia’s Norilsk Nickel (Nornickel) Bystrinsky copper project near the Chinese border surged in the third quarter, the company said on Wednesday, indicating that it was making progress fixing a problem with equipment. Nornickel, controlled by Russian billionaire Vladimir Potanin and aluminium giant Rusal, launched the mine a year ago with an aim to ...

Russia’s Nornickel says Q2 nickel output flat y/y

MINEX Forum | July 31, 2018
img0 Russia’s Norilsk Nickel (Nornickel) said on Tuesday its consolidated nickel production was at 49,460 tonnes in the second quarter of 2018, broadly flat year-on-year. Nornickel, one of the world’s largest nickel and palladium producers, also said its palladium production totalled 813,000 troy ounces, up 4 percent year-on-year. Platinum output rose 3.7 percent to 197,000 troy ...

Norilsk Nickel reduced nickel production by 15% due to decrease of third parties delivery

David McHutchon | July 31, 2017
img0 PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the second quarter and the first half of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the 1H17 production results: «In 2Q17 our platinum group metals (PGMs) production increased substantially owing to ...