Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

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.

11 april 2024

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

Norilsk Nickel to pay interim dividends, to split shares

03 november 2023

The board of directors of Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel, has recommended to approve the payment of interim dividends and conduct a share split at the extraordinary general meeting of shareholders on December 7.

The interim dividend payment for the 9 months of 2023 will amount to RUB 915.33 ($9.85) per ordinary share.

“The management consistently reported that essential pre-requisites to dividend payment were adequate free cashflow and conservative level of debt. Solid results for 9 months of 2023 allow the Board of Directors to recommend an interim dividend," said Sergey Malyshev, senior vice president and chief financial officer of the company.

Meanwhile the share split will be conducted with a ratio of 100 to 1 to improve their attractiveness to Russian investors and increase their liquidity on Moscow Exchange. This decision will not affect the dividend payment.

“The split will not affect the dividend payment recommended today by the board of directors. The split program will take several months, while the closing date to register dividends is December 26, 2023,” Malyshev said.

Currently, the price of one Norilsk Nickel share exceeds the average price of the main blue chips by several dozen times, which makes it difficult for a significant number of retail investors to buy them, he added.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished