Norilsk Nickel, Russia Oil and Gas
Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).
At the First East Economic Forum, which was held in Vladivostok, the industry dialogue on the theme "Northern Sea Route: how to realize the transit potential" took place. To date, the potential of the Northern Sea Route is still underutilized. The main users of the Russian national maritime transport route in the Arctic is Norilsk Nickel. Active development of the Northern Sea Route started from the development of nickel deposits in Norilsk. Today, the potential of the Northern Sea Route is increasingly associated with oil and gas deposits on the Russian shelf, but the transit container flows may be another driver of the Northern Sea Route development.
Trader will provide the company with prepayment in hard currency.
The Swiss trader Trafigura, who from April, according to unofficial data, will buy about 1 million tons of oil per month from the oil company, can become the largest trader of "Rosneft". According to "the Kommersant", the contract provides for advance payments, and under normal conditions for such contracts "Rosneft" can get almost $ 1 billion from the trader for the next six months. Cut out due to the sanctions from Western funding "Rosneft" needs funds to pay for off its debts.
The Swiss trader Trafigura is in talks with "Rosneft" to increase its purchases of crude oil from the oil company. According to Reuters, in April trader will start to export more than 1 million tons of "Rosneft" oil a month - nearly six times more than what Trafigura buys now. A source of "the Kommersant" in the market confirms this information, but adds that currently the contract is not concluded, the negotiations continue and the final volume of deliveries for the trader and delivery terms are not defined. "Rosneft" and Trafigura do not comment on the situation.
Norilsk Nickel has purchased 38% of shares in Norilskgazprom OJSC from Gazprom having increased its stake in the company’s capital to 94.2%.
MMK Norilsk Nickel OJSC has purchased 38% of shares in Norilskgazprom from Gazprom that makes up 2,846,130 shares, Gazprom’s press service reports. The deal was closed on March 2nd 2015.
Thus the total number of shares belonging to Norilsk Nickel in this enterprise rose to 94.2%.
Gazprom put up for sale 38% of shares in Norilskgazprom in late November 2014. The initial sales price was 1.33 bln roubles. In December Norilsk Nickel sent an offer on the purchase of the package at the price of 468 roubles/paper. Thus the company offered about 133.2 bln roubles for the package.
The outgoing year in metallurgy will be remembered by everyone, first of all, due to events with Mechel. In 2014, the most indebted company in the industry lost most of its capitalization. It was threatened with bankruptcy, default, was asked to sell assets, restructure its debt and convert it into shares. It was threatened with the dismissing of its general director and principal owner of the company Igor Zyuzin from its management - but there are still no specifics on the future of Mechel.
The first problems of Mechel were found at the end of February, when its shares "went" down for unknown reasons, although some analysts suspected that this was due to its debts. The manipulation with the shares was attributed to speculators, and the Central Bank undertook to investigate. But no one then imagined that everything would go so far.
But the company also had positive aspects in the current year, in particular, the sale of assets, and the fall of the ruble allowed it to significantly reduce its debt.
The Templetons Fund, Templeton Foreign Fund enlarged their shareholding in Lukoil and Norilsk Nickel in May – August 2014, the fund’s documentation reports.
By the end of August, Templeton Foreign Fund increased the volume of GDR in Lukoil to 557,800. Under the market price, they had to pay over $30 million for the shareholding.
As of today, Templeton Foreign Fund holds 2 million GDR in Norilsk Nickel. They had to pay $40 million for the shareholding.
Translated by Nadezhda Poltoratskaya
Norilsk Nickel has estimated the construction of a gas condensate plant on the Taimyr Peninsula at over $100 million, the first deputy general director of the company Pavel Fedorov reported.
He noted that the company was considering the possibility of attracting a partner to finance the project. He didn’t specify exactly which companies could become partners. "We consider different options," - he emphasized.
Copper cathodes production in Russia is actually distributed between Norilsk Nickel, UGMK and Russian Copper Company. Last year it was slightly less than 1 million tons, Y. Raikov, the CEO of Tsvetmetobrabotka says. Production of copper rolled wire, cables and conductors was 744,000 tons in 2013, and exports were 405,000 tons. Production of rolled copper and its alloys was 70,000 tons.
Rosneft and Norilsk Nickel continue negotiations on a partnership in Taimyrgaz. The oil company is interested in 51% of the gas assets, but the sides are still discussing the terms of the transaction.
Yesterday, the Federal Antimonopoly Service approved the petition of Rosneft’s structures on the acquisition of 51% in Taimyrgaz, owned by Norilsk Nickel. Both companies declined to comment yesterday.
Norilsk Nickel will build a gas condensate processing plant in the Norilsk industrial district. The acceptance of the applications for pre-work has already begun.
Today, Norilsk Nickel develops four deposits in this region: the North Soleninskoye, Messoyakhskoye gas field, Pelyatkinskoye and South Soleninskoye gas condensate field. The company studies the possibility of establishing processing of gas condensate in the vicinity of the production place that will allow the company to save a lot of money on transportation of products. In addition, the construction of the plant on the Taimyr Peninsula will increase the profit of Norilsk Nickel due to incomes from the processing of gas condensate.