[ferro-alloys.com]Moscow - PJSC MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces today preliminary consolidated production results for the third quarter and the nine months of 2019.
First Vice-President, Chief Operating Officer, Sergey Dyachenko commented on the
9M19 production results,
«In 9M19, the output of all of our core metals increased owing mainly to productivity
improvements. The growth in nickel production was attributed to increased processing of high-grade matte from Polar Division, ramp-up of a refining shop with new chlorine leaching technology at Kola MMC, as well as higher production volumes of saleable metal at Norilsk Nickel Harjavalta driven by higher processing volumes of Russian material and feed from third parties. The increase in PGM production was mainly driven by higher output in 1Q19 due to release of accumulated work-in-progress inventory at Krasnoyarsk Precious Metals Refinery. In addition, the increase of
PGM production by Norilsk Nickel Harjavalta was attributed to higher metal content in processed Russian feed. The increase in copper output primarily resulted from the ramp-up of Bystrinsky project, which was fully commissioned in September 2019.
We reiterate our 2019 production targets for core metals”.
In 3Q19, consolidated nickel production increased 7% quarter-on-quarter (q-o-q) to 57 kt, almost all of which was produced from own Russian feed. The growth was mainly attributed to
increased production at Norilsk Nickel Harjavalta as the refinery recovered its capacity utilization rate to normal after the scheduled maintenance carried out in 2Q19.
In 9M19, consolidated nickel production increased 6% year-on-year (y-o-y) to 167 kt, with nickel output from the Company’s Russian feed totaling 164 kt, up 6% y-o-y. The growth was attributed to the expansion of carbonyl nickel production at Kola MMC, increased refinery utilization rate, higher volumes of nickel matte shipped to Norilsk Nickel Harjavalta for further processing and processing of nickel feed supplied by a third party, Boliden.