Norilsk Nickel
MMC Norilsk Nickel (Russian Норильский Никель ) is a company from Russia, headquartered in Moscow. The abbreviation MMC stands for Mining and Metallurgical Company. The company is listed on the RTS index at the Russian Trading System and on the NASDAQ. According to the company at the company contributes 1.5% of Russia's gross domestic product.
The operational business of MMC Norilsk Nickel is located mainly in the region Norilsk Talnach in northern Russia, where the company is by far the largest employer.
MMC Norilsk Nickel is the world's leading producer of nickel and palladium. In addition, the company ranks in conjunction with its subsidiary Stillwater Mining Company (Denver, Colorado ) among the world's four largest producers of platinum and is in the top 10 of the largest copper producer. The company also cobalt, rhodium, silver, gold, tellurium, selenium, iridium, ruthenium and carbon supports.
Company History
Since the 17th century it was known that copper and nickel are found on the Taimyr peninsula, but only in the 1920s, mining began in the region of Norilsk. The Government of the USSR created on June 23, 1935 the Norilsk Combine and thus the beginning of the now largest mining and metallurgical company in the country. On March 10, 1939, the production began.
Also in the Murmansk Oblast on the Kola Peninsula emerged combines the promotion of copper and nickel - 1935 Seweronikel in Monchegorsk and 1940 Petschenganikel in Sapoljarny and Nikel.
On November 4, 1989, a resolution of the government unified the three combines with two other companies and institutions to Norilsk Nikel Gipronickel, and another resolution formed from the company on 30 June 1993, the stock company RAO Norilsk Nickel. 2000, the company was restructured and named Norilsk Mining Company, but in 2001 was followed by a further restructuring and a new name - MMC Norilsk Nickel.
Corporate investments
- Polyus Gold Mining Company is Russia's leader in gold mining and is 100 % owned by MMC Norilsk Nickel
- Interros Holding Company holds shares in MMC Norilsk Nickel
- Gipronickel Institute in St. Petersburg is a leading company in the field of metallurgy. The company designs and builds the facilities of MMC Norilsk Nickel.
- At the South African Nkomati nickel mine MMC Norilsk Nickel owns 50 % of the shares in consequence of the acquisition of LionOre Mining International Limited on 28 June 2007.
- At the mine opened in 1995, Phoenix ( mining ) in Botswana, east of Francistown, the Group holds a 85 % (15% government stake by the government of Botswana ). The acquisition also resulted from the acquisition of LionOre Mining International Limited on 28 June 2007. Associated Another day and mine, mine Selkirk, in 1989 approached close to the Phoenix Mine.
The Stillwater Minining Company, Denver was controlled to about 50 % of MMC Norilsk Nickel. The company wins in Stillwater (Montana) ore concentrates from the Stillwater Complex with significant levels of platinum group metals (PGM ). However, Norilsk Nickel sold its shares in fiscal 2010, continuing its withdrawal from the business with platinum and palladium continue.
Criticism
The mining of nickel has resulted in around Norilsk to severe environmental pollution, which is why the city has been banned in November 2001 for foreigners. 2006, the city by the Blacksmith Institute has been declared one of the ten most polluted places in the world. Main sources of MMC Norilsk Nickel. The company also undertakes in terms of air pollution, a number one among Russian industrial enterprises.