GMK Noril'skiy nikel' OAO announces production outlook for FY 2014

Thursday, 30 Jan 2014 07:00pm EST 

GMK Noril'skiy nikel' OAO:Says in 2014, Norilsk Nickel is targeting nickel production in Russia in the range of 225-235 thousand tons, with a possible slight decline y-o-y owing to the scheduled capital repairs of a flash smelter at Nadezhda Metallurgical Plant.Says the management is expecting copper production in Russia to amount to 340-350 thousand tons, implying a marginal decrease y-o-y as low margin toll processing volumes at Kola MMC are targeted for a reduction and copper ore grade is expected to reduce marginally.Says the management is targeting palladium output in the range of 2,530-2,550 thousand troy ounces and platinum in the range of 625-635 thousand troy ounces, both expected to remain almost unchanged as compared to FY 2013. 

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