Business & Finance

Norilsk sees '12 nickel, palladium output flat

MOSCOW : Russia 's Norilsk Nickel, the world's largest producer of nickel and palladium, said on Monday that it expects

Published January 30, 2012 Updated January 30, 2012 08:06am

1 min

By Muhammad Iqbal

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The world's largest nickel and palladium producer expects nickel output at 235,000-240,000 thousand tonnes at its Russian divisions and 60,000-65,000 at the international operations. Last year's output was 295,000 tonnes, off 0.8 percent from 2010.

Palladium output is expected between 2.6-2.65 million ounces at the Russian divisions and 95,000-100,000 ounces at the international operations. Last year's total output was 2.81 milion ounces, off 2 percent from 2010.

Platinum output is seen between 650,000-660,000 ounces at the Russian division this year, while the international operations are expected to mine 20,000-25,000 ounces. Last year's output was 695,000 ounces, matching the 2010 result.

This year's copper output is seen between 355,000-360,000 tonnes at the Russian division, while the international operations are expected to mine 9,000-10,000 tonnes. Last year's output was 378,000 ounces, off 3 percent from 2010.

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