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13/06/2018
15:51
Kola MMC to consider design documentation on concentrate shipment terminal

Kola MMC (operating as part of Norilsk Nickel Group) has received the design documentation on the investment project "Concentrate shipment terminal of the coal preparation plant," Norilsk Nickel informed.

Finland's Outotec which has developed the technology and is the main supplier of the equipment has presented the project development results to the company's specialists.

After due examination, subject to comments from Kola MMC specialists, the design documentation will be amended by the contractor if necessary and submitted to Russia's Main State Expert Appraisal Department for consideration.

Implementation of the whole project worth more than RUB 4 billion will allow Kola MMC o diversify the marketable products according to a the company's development strategy and to cut sulfur dioxide emissions so as to reduce the negative environmental impact.

PJSC MMC Norilsk Nickel (tax number: 8401005730) is Russia's largest diversified mining and metallurgical company, the world's leading producer of nickel and palladium and one of major platinum, rhodium, copper and cobalt producer. Besides, the company produces a wide range of by-products including gold, silver, tellurium, selenium, iridium and ruthenium. The mining and processing assets of the MMC Norilsk Nickel group are located in the Norilsk industrial area, the Kola Peninsula as well as Finland, USA, Australia, Botswana, and RSA.

IFRS net profit of MMC Norilsk Nickel for 2017 decreased by 16% to $2.123 billion from $2.531 billion the year before. Revenue increased by 11% to $9.146 billion from $8.259 billion, gross profit by 10.4% to $4.546 billion from $4.118 billion. Pre-tax profit was $2.844 billion against $3.276 billion the year before. Consolidated EBITDA was $3.995 billion against $3.899 billion the year before (+2.5%).

"AK&M", 09.06.2018 15:24

 

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