GMK Noril’skiy nikel’ PAO (ADR) (OTCMKTS:NILSY) closed at the end of the last trading session with a minor loss of 1.60%. The volume of the day at 539,000 was higher than the daily average of 101,000, both the numbers implying the inherent illiquid nature of the stock. Still, the volume last week was the highest in the last 4 years and that could be the first signal of accumulation going on at the lower levels. The stock has just bounced from a major support as seen on the chart attached and that may invite some more buyers.
GMK Noril’skiy nikel’ PAO (ADR)(OTCMKTS:NILSY) reported that it has won the award in category of Best Corporate Social Responsibility Report-2014 at the ninth event of corporate sites and annual reports. This award is more significant in terms of the fact that this specific category of was introduced for the first time in the contest. The yearly competition of corporate websites and annual reports is managed by ‘Arttsenturios’, intellectual research entity with the help of the ‘Chamber of Commerce’ of St. Petersburg.
GMK Noril’skiy nikel’ publishes social reports for over decade to maintain and develop a quality communication with stakeholders and work profitably with external participants. The winning report revealed detailed information on all basic parameters. Expressing the views on the recent achievement, Svetlana Ivchenko, the Director of Social Policy Division, said that they are extremely delighted to receive this recognition.
They understand that for modern audience, it is vital to get information in time and in well defined version. Every year, GMK Noril’skiy nikel’ tries a new approach in reporting division, make use of visual techniques, including charts and infographics. In last year CSR report the employees mentioned about the strategic assignments of the company, and the ways using which the global measures are implemented at different sites.
In unrelated news, GMK Noril’skiy nikel’ reported that it finalized a credit facility deal worth USD $1.2 billion with Sberbank of Russia. The agreement with Sberbank is finalized in line with company’s financial plan and allows GMK Noril’skiy nikel’ to optimize its debt portfolio by increasing the available committed credit facilities and expansion of the maturity profile. Combining the new credit facility, the total amount of unutilized committed credit facilities amounts to nearly USD $1.9 billion.
GMK Noril’skiy nikel’ recent agreements on debt financing showcase the confidence of creditors in company.