Moscow, April 25, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the first quarter of 2022 and full year 2022 production outlook.
Senior Vice-President, Сhief Operating Officer, Sergey Stepanov commented on the production results,
“Foremost, we are very proud to report zero fatal incidents in the first quarter against the backdrop of production growth and significant intensification of capital construction and repairs. We anticipate that the recently launched industrial safety programe aiming at complete elimination of the causes potentially leading to fatal injuries will continue to bear its fruits.
In the first quarter, the nickel output increased owing to the recovery of Oktyabrsky and Taimyrsky mines, as well as the ramp-up of the Norilsk Concentrator. At the same time, PGM production declined owing to the high base effect of the first quarter of 2021, when a large amount of accumulated work-in-progress material was processed.
Modernization of the Norilsk concentrator targeting improvement of reliability and industrial safety as well as the stabilization of the ore processing circuit was on track.
In spite of certain challenges in logistics and deliveries of equipment, spares and consumables, due to geopolitical situation, our operations remain uninterrupted. Currently, we are using new logistical arrangements and exploring opportunities with alternative suppliers.
Taking into account the ongoing measures to minimize the negative implications from the geopolitical situation, we reiterate previously announced production guidance from own Russian feed for FY2022.”