World’s largest producer of nickel sees growth

November 8, 2010

Norilsk Nickel, the world’s largest nickel and palladium producer, recently announced production results for the third quarter and first nine months of 2010 at the Polar and Kola Divisions in Russia, as well as at its international operations in Finland, Botswana and South Africa.

Nickel production up 6%

The company stated that overall nickel production in the third quarter of 2010 amounted to 75,000 metric tonnes, generally being in line with production results in the second quarter of 2010. For the first nine months of 2010, overall nickel production totalled 220,000 metric tonnes,

representing a 6% growth as compared to the same period of 2009. The growth in overall production volumes was largely driven by the strong performance of the Russian divisions and substantially higher loading rate of the nickel refinery – Norilsk Nickel Harjavalta.

Norilsk Nickel confirmed that the production outlook for 2010 will be 234,000-235,000 metric tonnes of nickel produced by the Russian divisions, 50,000 – 52,000 metric tonnes of refined nickel at the Norilsk Nickel Harjavalta refinery and 15,000-18,000 metric tonnes of nickel in concentrate by the African assets of the Group.



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