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Norilsk Nickel Announces Preliminary Production Results for Q3, 9 Months of 2018
Oct. 31, 2018 10:10AM PST
Base Metals Investing
The company reported a 9 percent quarter-on-quarter increase in nickel production and a 3 percent year-on-year increase in palladium production, among other results.
Russia’s Norilsk Nickel (Nornickel) has released its preliminary consolidated production results for the September quarter and the nine months of 2018 so far, detailing increased output across the board.
The company reported a 9 percent quarter-on-quarter increase in nickel production and a 3 percent year-on-year increase in palladium production, among other results.
CEO of Norilsk Nickel, Sergey Dyachenko said:
“In 9M 2018, we increased the output of all core metals. The most significant growth has been delivered in copper that was up 20 percent year-on-year owing to processing of concentrate purchased from Rostec and the launch of concentrate production at Bystrinsky project (Chita copper project). Bystrinsky GOK, which successfully started hot commissioning in October 2017, produced 13 kt of copper and 62 koz of gold in copper concentrate, which was in line with our adjusted production targets. PGM output increased as a result of intensive processing of copper concentrate purchased from Rostec and Talnakh Concentrator reaching its design parameters.”
