Mining Indaba Schedule

Russian group planning copper investment in South-East Asia

Russia’s largest diversified mining and metals company, OJSC MMC Norilsk Nickel (Norilsk) intends to establish a 400 000 t/y capacity copper smelting and processing facility in Indonesia. This was revealed recently when the Russian group signed...

Russian miner, IDC to establish mining and prospecting fund in South Africa

Russian major diversified mining group OJSC MMC Norilsk Nickel (Norilsk) has signed a Declaration of Strategic Partnership with South Africa’s Department of Mineral Resources (DMR). According to the company, the “partnership aims at...

South African taxman collects R6bn in mining royalties, Russian miner, IDC to set up mining, prospecting fund, proposed Namibian uranium mine has R11bn price tag

The South African taxman has collected R6-billion in mining royalties in his first year of collection but is concerned about transfer pricing issues, the Russian Norilsk and South Africa's State-owned Industrial Development Corporation are setting...

Randgold Resources weathers Côte d’Ivoire storm, producing to plan despite war

Quite amazingly, Randgold Resources, the London-listed South Africa-conceived African gold mining company, has been weathering the Côte d'Ivoire storm remarkably well. Randgold CEO Dr Mark Bristow tells Mining Weekly that the company remains on...

Russian mining group head in discussions with South African President

The head of Russia’s largest diversified mining and metals company, OJSC MMC Norilsk Nickel (Norilsk), Vladimir Strzhalkovsky, met with South African President Jacob Zuma in South Africa last week. According to the company, Strzhalkovsky, who...

Russian mining major seeks to increase diversification as well as growth

The world’s number one producer of nickel and palladium, Russia’s OJSC MMC Norilsk Nickel (Norilsk) has begun to implement its plan to increase the diversification its operations with the start of development for its Zabaikalsy Territory...

Stillwater slips on news Norilsk will sell shares

Shares in Stillwater Mining fell 8,4% on Monday morning, after the company announced that its biggest shareholder, Norilsk Nickel, plans to cut its holding in the US palladium miner . Norilsk subsidiary Norimet will sell 37-million Stillwater...

VTB's Titov elected as Norilsk board chair

The shareholders of Russian metals heavyweight Norilsk Nickel have elected Vasily Titov as new chairman of the board, CEO Vladimir Strzhalkovsky said on Monday. Representatives from Rusal, which holds a 25% stake, did not attend the meeting, he...

Norilsk Nickel forecasts 2010 Russian revenue of $8bn

Moscow-based Norilsk Nickel expects metal sales revenues from its Russian operations to be $8-billion in 2010, the company said on Thursday. Norilsk's board of directors has approved a draft budget for the group's domestic operations in the...

Russian mining industry showing some signs of recovery

Last December, the Russian mining industry felt beleaguered by the global recession. That month, Norilsk Nickel CEO Vladimir Strzhalkovsky issued an appeal to the Kremlin. “The industry is in a very difficult situation now. The revenues of...

Russian mining industry showing some signs of recovery

Last December, the Russian mining industry felt beleaguered by the global recession. That month, Norilsk Nickel CEO Vladimir Strzhalkovsky issued an appeal to the Kremlin.