Closure of Nornickel’s plant, Barents region’s biggest air polluter

MINEX Forum | December 3, 2020
img0 Nornickel CEO Vladimir Potanin first announced the closure of the plant last fall, a move affecting about 800 workers. With just six weeks before the shutdown, only two workers have not chosen any of the options offered by the company. Damage to human health, the environment and cross-border relations with Norway have made the town of Nikel in the Murmansk ...

Nornickel moves to improve enviro risk management

MINEX Forum | November 27, 2020
img0 Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel, has launched an environmental risk management review in order to identify and better manage new climate change risks that are emerging. The announcement of a risk management review follows an independent report by consultancy ERM on its findings about what led to the May ...

Nornickel ups investments in digital projects

MINEX Forum | April 15, 2020
img0 KRASNOYARSK, April 14. /TASS/. The Norilsk Nickel Company (Nornickel) in 2019 invested 6.73 billion rubles ($92 million) in digital projects and automated systems, which is up by 1.55 times year-on year, the company said in an annual report. Nornickel’s report on sustainable development for 2019 is the 16th public non-financial report on the company’s progress in ...

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 ...