Norilsk Boosts African, Australian Nickel to Cut Russia Reliance-Shanghai Metals Market

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Norilsk Boosts African, Australian Nickel to Cut Russia Reliance

Industry News 09:46:42AM Feb 08, 2012 Source:SMM

Feb. 8 -- OAO GMK Norilsk Nickel, the largest producer of the metal, plans to increase nickel-concentrate output in South Africa and Australia to curb dependence on Russian mines.

Norilsk intends to raise production at its South African Nkomati project by 58 percent this year from 5,815 metric tons last year, while output at Australia’s Lake Johnston mine may jump fivefold to 8,400 tons, Roman Panov, the head of Norilsk’s overseas operations, said today in a statement.

The Moscow-based company, with 80 percent of its nickel production north of the Arctic Circle, is seeking to expand outside Russia as ore grades decline at its main site. Most of the metals concentrate it mines in Africa and Australia is processed at its NN Harjavalta plant in Finland.

The company is preparing to start its Honeymoon Well project in Australia, with a designed capacity of 40,000 tons of nickel a year, and is working to expand resources at its Tati Nickel project in Botswana, according to the statement.

 

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Norilsk Boosts African, Australian Nickel to Cut Russia Reliance

Industry News 09:46:42AM Feb 08, 2012 Source:SMM

Feb. 8 -- OAO GMK Norilsk Nickel, the largest producer of the metal, plans to increase nickel-concentrate output in South Africa and Australia to curb dependence on Russian mines.

Norilsk intends to raise production at its South African Nkomati project by 58 percent this year from 5,815 metric tons last year, while output at Australia’s Lake Johnston mine may jump fivefold to 8,400 tons, Roman Panov, the head of Norilsk’s overseas operations, said today in a statement.

The Moscow-based company, with 80 percent of its nickel production north of the Arctic Circle, is seeking to expand outside Russia as ore grades decline at its main site. Most of the metals concentrate it mines in Africa and Australia is processed at its NN Harjavalta plant in Finland.

The company is preparing to start its Honeymoon Well project in Australia, with a designed capacity of 40,000 tons of nickel a year, and is working to expand resources at its Tati Nickel project in Botswana, according to the statement.