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Nornickel Reports 2019 Results-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
3/3/2020 - Copper exhibition -non-ferrous metals expo |
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World’s leading palladium, platinum, nickel and copper Norilsk Nickel has reported audited c financial results for the full year ended December 31, 2019. Consolidated revenue increased 16% YoY to USD 13.6 billion owing to higher production volumes of all key metals and growth of palladium and nickel prices. EBITDA expanded 27% YoY to USD 7.9 billion owing to higher metal revenue and tight control of operating expenses, with EBITDA margin reaching 58%. Reported EBITDA includes negative impact of the USD 190 million provisions accrued in respect of the upcoming shutdown of certain production facilities at Kola Division
EBITDA generated by the Bystrinsky project that was fully commissioned in September 2019 amounted to USD 349 million
CAPEX decreased 15% y-o-y to USD 1.3 billion owing to the completion of large investment projects in 2018
The Company made final investment decisions on strategic growth projects such as the expansion of the Talnakh concentrator (TOF-3 project) and the development of South Cluster mining project and also updated its environmental programme, which is scheduled to go into active construction phase in 1H2020
有色金属展-铜材展-2020年广州国际有色金属工业（铜业）展览会
-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
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