PJSC MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, announces preliminary consolidated production results for the first quarter 2019.
“In 1Q 2019, we increased the output of all key metals, of which the most significant growth was delivered in PGMs and copper. The increase in PGMs’ production was due to a release of accumulated work-in-progress inventory at Krasnoyarsk Precious Metals Refinery. The increase in copper was driven by an accelerated processing of concentrate purchased from Rostec and the ramp up of Bystrinsky Project. We reiterate our metal production guidance from own Russian feed, including Bystrinsky Project, for FY2019”.
ABOUT THE COMPANY
PJSC “MMC NORILSK NICKEL” is a diversified mining and metallurgical company, the world’s largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.
The production units of “NORILSK NICKEL” Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.
PJSC “MMC “NORILSK NICKEL” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC “MMC “NORILSK NICKEL” ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.