Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

Yesterday

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Norilsk Nickel invested almost 60 billion rubles in production facilities modernization in the Murmansk region

05 september 2023

Mining and Metallurgical Company (MMC) Norilsk Nickel has invested 59.5 billion rubles over the past four years in the development of its divisions operating in the Murmansk Region.

In particular, at the industrial site of the Kola MMC, the holding implemented an investment project called "Production Reconfiguration Program", the regional Ministry of Information Policy reported.

This initiative will allow the assets of the Kola MMC to grow almost by two times. At the same time, emissions of harmful substances will decrease at the facilities, and economic efficiency will increase by reducing operating costs and metal losses, Norilsk Nickel notes.

According to the Governor of the Murmansk region Andrey Chibis, in four years the region has received 79.3 billion rubles of tax revenue from the divisions of Norilsk Nickel.

PJSC MMC Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade nickel, and the world's leading producer of platinum, cobalt, copper and rhodium. The company also produces silver, gold, iridium, ruthenium, selenium, tellurium, sulfur among other products.

The production divisions of the Norilsk Nickel group of companies are located in Russia in the Norilsk industrial region, on the Kola Peninsula and in the Trans-Baikal Territory, as well as in Finland.

In Russia, the company's shares are admitted to trading on the Moscow and St. Petersburg stock exchanges, and its American depository receipts are admitted to trading on the St. Petersburg stock exchange.

The group's products are supplied to 37 countries in Europe, the Asia-Pacific region, and Americas. It is acquired by more than 400 partner companies. Its sales offices operate in Switzerland, China and the USA.

Norilsk Nickel fully supports the UN 2030 Sustainable Development Agenda and the UN Sustainable Development Goals. For the company, adherence to the principles of sustainable development and corporate social responsibility is an integral part of efficient operations and business development. Norilsk Nickel is constantly improving its environmental protection activities, human rights protection policy, occupational safety and health, environmental impact assessment, and biodiversity conservation. The company spent 333 billion rubles on projects related to sustainable development in 2022.

Alex Shishlo for Rough&Polished