In January-September "Norilsk Nickel" reduces PGM production by more than 4%.

Nadezhda Ivanova's picture

In January-September 2016 MMC "Norilsk Nickel" reduced the production of palladium by 4.44% - up to 1.98 million ounces (61.58 tons), of platinum - by 4.68% to 489 thousand ounces (15.21 tons) compared with the same period a year earlier, the company informs.

Dynamics of metal production by "Norilsk Nickel".

  9 months of 2016 9 months of 2015 Change, % Forecast for 2016* Q3 2016 2015
Palladium, th. oz 1980 2072 -4.44 2296-2392 649 2689
Platinum, th. oz 489
542-586 156
Nickel, tons 177357 193754 -8.46 195000-200000 55782 266406
Copper, tons 264047 273990 -3.63 342000-352000 86587 369426


The reduction in the production of the platinum group metals (PGM) in the reporting period was due to lower metal content of mined ores.

The nickel production decrease was due to the complete stop of the nickel plant in the framework of the reconfiguration of production facilities and the associated increase in transport planning, which is in progress. As well as increasing the supply of concentrate for processing at Norilsk Nickel Harjavalta in connection with the implementation of the program for the reconfiguration of production facilities.

The release of copper is due to the lower copper content in the processed raw materials, as well as conducting pre-commissioning at the Talnakh concentrator.

The company has reduced the forecast of nickel production from its own raw materials (*) for 2016 compared to the previous prediction (206-212 tons), which makes it possible to carry out installation and commissioning works at the Talnakh concentrator. At the same time copper and PGM production forecast has remained the same.


The Polar and Kola Divisions produced more than 41 thousand tons of nickel, which is lower than Q2 by 13% in Q3 2016. Within first 9 months the company has produced more than 140 thousand tons of nickel, which is 14% lower than within the same period of 2015 .

In Q3 the production of copper was more than 84 thousand tons, which is lower than the results of the second quarter by 5%. In January-September the company produced nearly 258 thousand tons of copper, which is 2% below H1 2015.

In the reporting quarter Russian enterprises produced 631 thousand ounces of palladium (-7% in April-June 2016), and 150 thousand ounces of platinum (-6%). In total within first 9 months of 2016 Russian units produced 1.941 thousand ounces of palladium (-3% yoy) and 475 thousand ounces of platinum (-3%). Growth of palladium, platinum and decrease was associated with the change ratio of the content of these metals in the ore.


Norilsk Nickel Harjavalta produced almost 15 thousand tons of nickel in Q3 2016, which is 40% above Q2 2016. This nickel production from its own raw materials Russia amounted to more than 5 thousand tons, which is 7 times higher than within Q2 2016. This growth is associated with an increase in processing Russian concentrate within the reconfiguration of metallurgical facilities.

Within first 9 months of 2016 than 37 thousand tons of nickel were produced, which is 25% higher than within the same period last year. The increase was attributable to an increase in processing Russian raw materials, as well as additional processing of concentrates purchased from third parties.

In Q3 2016 the release of salable copper amounted to almost 3 million tons - an increase of 60% compared with the previous quarter of the current year. The increase is due to an increase in the copper content in the supplied raw material. Within first nine months of 2016 copper output amounted to more than 6 thousand tons (-32% yoy), due to the decrease in shipping copper cake from the Kola MMC.

Within Q3 2016 the issue of palladium and platinum (in copper cake) totaled 18 thousand ounces (+ 50% in Q2) and 6 million ounces (50%), respectively. The increase was attributable to planned repair works in Q2. Within first nine months the release of commercial palladium and platinum totaled 39 thousand ounces (-36% compared to the first 9 months of 2015) and 14 million ounces (-42%), respectively. PGM output decrease is also related to the shipment of copper cake Kola MMC.

The share of "Norilsk Nickel" is more than 13% of the world production of nickel, 2% copper, almost 44% of the production of palladium and nearly 14% of platinum.

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