Norilsk 'Gladdens Investors'

Norilsk Nickel’s first-half earnings report will “gladden investors,” chief executive Vladimir Strzhalkovsky said Friday, following criticism from 25 percent shareholder United Company RusAl.

Russia’s largest mining company exceeded its production targets in the first six months of the year, Strzhalkovsky said on state television, without being more specific.

United Company RusAl nominated three people to become independent directors on the board of Norilsk Nickel, including ousted chairman Alexander Voloshin, RusAl said in a statement Friday. 

(Bloomberg)


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