OREANDA-NEWS. PJSC MMC Norilsk Nickel announces preliminary consolidated production results for the third quarter and the nine months of 2016.

Nickel
3Q16 consolidated nickel production amounted to 56 kt decreasing 4% quarter-on-quarter (q-oq). Nickel output from the Company’s own Russian feed reached 45 kt, down 4% q-o-q. The reduction was driven by decommissioning of Nickel Plant as put of ongoing reconfiguration of downstream production facilities and resulting increase of work-in-progress material in transit.

Overall during 9M16, nickel output amounted to 177 kt decreasing 8% year-on-year (y-o-y) driven mostly by larger volumes of nickel concentrate shipped to Norilsk Nickel Harjavalta for processing as result of reconfiguration of downstream production facilities.

Copper
3Q16 consolidated copper production amounted to 87 kt decreasing 4% q-o-q. Copper output from the Company’s own Russian feed reached 82 kt, down 5% q-o-q. The decrease was attributed to lower copper content in mined ore and industrial testing of the upgraded Talnakh Concentrator.

Overall during 9M16, copper output amounted to 264 kt decreasing 4% y-o-y driven mostly by industrial testing of upgraded Talnakh Concentrator and lower copper content in mined ore.

Platinum Group Metals
3Q16 consolidated palladium and platinum output amounted to 649 koz (down 6% q-o-q) and 156 koz (down 4% q-o-q), respectively. Palladium output from the Company’s own Russian feed reached 616 koz, down 9% q-o-q and platinum output reached 144 koz, down 9% q-o-q. The decrease of palladium and platinum output was attributed to the increase of work-in-progress material in transit as result of reconfiguration of downstream production facilities.

Overall during 9M16, palladium and platinum output amounted to 1,980 koz (down 4% y-o-y) and 489 koz (down 5% y-o-y), respectively. The decline was driven mostly by lower metal content in mined ore..