By the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons). Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks. Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some…
In 2018-2020 Norilsk Nickel intends to produce 210-215 thousand tons of nickel of its own raw materials each year. According to the company statement, copper output is expected to total 400-420 thousand tons. Palladium and platinum production might reach 100-105 tons. Nornickel keeps the forecast for 2017 output at 206-211 thousand tons of nickel, 377-387…
PJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 million tons that will ensure the…
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…
Russian metals giant Norilsk Nickel is ready to return to the development of the Bugdainskoye deposit in the Zabaikalsky region if molybdenum prices grow significantly, Sergei Dyachenko, first vice president and chief operating officer, declared. “We have done almost everything we could on the Bugdainskoye deposit. We have a project, a positive conclusion of the…
In January-September Norilsk Nickel produced 157.1 thousand tons of nickel, down by 11% YoY. At the same time copper output increased by 10%, to 290.87 thousand tons, platinum remained on the same level – 493 thousand ounces, while palladium went up by 2%, to 2.03 million ounces. In Q3 the company produced 54.17 thousand tons…
In January-September Norilsk Nickel decreased net profits by 23.16% YoY, to 97.706 billion rubles ($1.7 billion). According to the company statement, revenue decreased by 1.09%, to 307.314 billion rubles ($5.344 billion). Gross profit dropped by 3.6%, to 177.832 billion rubles ($3.092 billion), sales profit – by 3.74%, to 153.219 billion rubles. Profit before taxation was…
Russian metals giant Norilsk Nickel plans to launch the first stage of its Bystrinsky GOK ore mining and processing plant on October 31, the government of the Zabaikalsky region said in a statement quoting governor Natalya Zhdanova. “We planned the launch of the facility’s first stage on October 31. We also discussed prospects for the…
