Norilsk Nickel sales up 50% in 2010, Australian nickel mine begins production

July 28, 2011

Sales revenue at the world’ largest producer of nickel, Norilsk Nickel, increased by 50% in 2010, compared to 2009 figures. Total sales across the group amounted to USD $12,775 million for the year ending December 31 2010.

Norilsk Nickel produces carbonyl nickel powder suitable for use in Powder Metallurgy, Hard Metal and magnet applications.

In 2010, nickel sales accounted for 53% of revenue from metal sales of the Group. Nickel sales increased by 54%, from USD $4,206 million in 2009 to USD $6,459 million in 2010. This was driven by the average nickel price increase by over 40%.

Nickel mine begins production in Australia

Norilsk Nickel recently began mining operations at its Maggie Hays mine situated in Lake Johnston, Western Australia. The monthly production capacity of the mine is said to be 100,000 tonnes of ore at 1.3% average grade of nickel. The volume of nickel production is expected to achieve 3,600 tonnes by the end of 2011, increasing to 9,000 tonnes.

According to Mr Panov, Director for International Production Assets of MMC Norilsk Nickel, “the preparation works carried out and optimisation of the mine output provided for an efficient nickel concentrate production”.

www.nornik.ru 

Edited by: Paul Whittaker, Editor ipmd.net, [email protected]   

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