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”.

Norilsk nickel group announces preliminary consolidated production results for nine months 2019