Jsc Mmc Norilsk ADR (NILSY)
$35.03 1.15 (3.18%)
16:00 EST NILSY Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 55.43B
PE Ratio -
Volume (Avg. Vol.) 57,644
Day's Range 34.79 - 35.57
52-Week Range 18.62 - 36.19
Dividend & Yield 1.76 (5.01%)
NILSY Stock Predictions, Articles, and Jsc Mmc Norilsk ADR News
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From Talk Markets
From Denis Klimentov SP
MOSCOW / ACCESSWIRE / September 30, 2020 /PJSC MMC Norilsk Nickel (OTC PINK:NILSY), the world's largest producer of palladium and high-grade nickel, as well as a major producer of platinum and copper, signed a cooperation agreement with three organizations representing over 90% of the indigenous minorities living in the north of Russia and its Far East. The comprehensive five-year plan developed jointly with minority representatives will
Russia's environment watchdog says it filed a lawsuit against a unit of Norilsk Nickel (OTCPK:NILSY +0.2%) to claim 148B rubles ($1.96B) for damage caused by a massive fuel spill in the Arctic earlier this year.The company, which has set aside $2B in reserves in preparation for such a move, says it considers the lawsuit to be "premature."Some analysts have said the damage amount is not critical to the financial stability of the mining giant but could cause it to increase debt and reduce dividends.
Norilsk Nickel (OTCPK:NILSY -1%) CEO Vladimir Potanin says it is impossible to estimate the cost of damages from May's Arctic fuel spill until the miner completes the clean-up, which may extend into next year."How much fuel actually is left in the rivers and how much the ecosystem can be restored, that still has to be assessed," Potanin tells Bloomberg.The CEO says there will now be zero tolerance to breaching ecological protocols and stricter ecology key performance indicators for company management.Nornickel plans to spend 13B rubles in the next two years to replace and upgrade infrastructure, and aims to ship in fuel when needed to cut down on the amount stored in tanks, Potanin says.Nornickel has set aside $2.1B after Russia's ecological watchdog said the company should pay for the damage caused by the spill of ~150K barrels of diesel from a storage tank into a river system; the miner is challenging the size of the fine.