Benchmarking Analysis of the Development Direction of MHP and Nickel Matte

Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte

Technical Due Diligence Survey of Nickel Product Unit

Technical Due Diligence Survey Of Nickel Product Unit

Long-term Price Forecast of Nickel Industry

Long-term Price Forecast Of Nickel Industry

Feasibility Study of Nickel Industry Investment

Feasibility Study Of Nickel Industry Investment

Indonesia Ni Industry Analysis 

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UPDATE 1-Norilsk Nickel Board Recommends $1.3 bln 2009 Dividend

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MOSCOW, May 27 -- The board of Norilsk Nickel (GMKN.MM: Quote) recommended a bumper $1.3 billion dividend on 2009 results, enabling its shareholders, including two Russian tycoons, to cash in on the mining giant's return to profit.
&quot;Despite the fact that we had a recommendation to pay out 20-25 percent of net profit, it was decided to pay 50 percent, or $1.325 billion,&quot; Chief Executive Vladimir Strzhalkovsky told reporters after Thursday's board meeting.
That works out at 210 roubles ($6.79) per share.
Shares in Norilsk, whose two main shareholders are Vladimir Potanin and Oleg Deripaska, were up 3.4 percent by 1024 GMT in Moscow, outperforming a 1.3 percent rise on the MICEX metals and mining index .
Norilsk also said it planned to issue 100 billion roubles of bonds as part of a long-term borrowing strategy. In the short term, however, the company plans to pay back $1.8 billion of debt by end-June.
The fact that dividends are back on the agenda at the world's leading nickel and palladium miner is a further sign that a recovery is under way among Russian miners, who were hard hit by declining demand for base metals when the economy soured at the end of 2008.
Norilsk posted a return to profit in 2009, as it cut costs and avoided a repeat of one-off charges.
Before the 2008 loss, the company, which supplies 20 percent of the world's nickel, had generally paid out a quarter of net profit as dividends. ($1=30.91 Rouble)
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UPDATE 1-Norilsk Nickel Board Recommends $1.3 bln 2009 Dividend | Shanghai Non ferrous Metals

UPDATE 1-Norilsk Nickel Board Recommends $1.3 bln 2009 Dividend

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