What does Norilsk Nickel do?
Norilsk Nickel (Russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia.
How did Vladimir Potanin make his money?
Vladimir Olegovich Potanin (Russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian business oligarch. He acquired his wealth notably through the controversial loans-for-shares program in Russia in the early to mid-1990s.
What is produced in Norilsk?
nickel
In 2020, Nornickel produced 172,357 metric tons of nickel. Norilsk Nickel, known as Nornickel for short, is the world’s largest nickel and palladium producing company, in addition to producing gold, silver, platinum, cobalt, rhodium, sulfur, tellurium, selenium, ruthenium, and iridium.
Is nickel found in Siberia?
Norilsk is located between the West Siberian Plain and Central Siberian Plateau at the foot of the 1,700-meter high Putoran Mountains, on some of the largest nickel deposits on Earth. Consequently, mining and smelting ore are the major industries.
Is Norilsk Nickel a good buy?
Norilsk Nickel (OTCPK:NILSY) was growing rapidly in the past few years due to the rise in non-ferrous metal prices. It is still a good value stock, paying high and consistent dividends, but long-term opportunities may be hindered by the need for significant capital expenditures and lower free cash flow.
Why is Norilsk so depressing?
People in Norilsk can suffer from “polar night syndrome,” experiencing anxiety, nervousness, drowsiness, and/or insomnia. Given the psychological discomfort and lack of environmental stimuli, it should come as no shock that Norilsk has many cases of depression.
What is Donald Trump’s net worth?
2.5 billion USD (2021)
Donald Trump/Net worth
How much is Vladimir Potanin worth?
27.4 billion USD (2021)
Vladimir Potanin/Net worth
How was Norilsk founded?
The nickel deposits of Norilsk-Talnakh are the largest-known nickel-copper-palladium deposits in the world. The deposit was formed 250 million years ago during the eruption of the Siberian Traps igneous province (STIP).
Who is the biggest nickel producer?
Using data provided by sister company Miningintelligence, MINING.COM has compiled a list of the world’s biggest nickel companies based on their production in 2020. Russia’s Norilsk Nickel (Nornickel) takes the top spot with over 178 kilotonnes (kt) produced, up from 172kts in 2019.
Is there a nickel ETF?
Nickel. The most commonly traded pure Nickel ETF is the iPath DJ-UBS Nickel SubTR ETN. It seeks to track the performance of an un-leveraged position in nickel futures.