Norilsk Nickel releases 2011 global production figures

MMC Norilsk Nickel, Russia’s largest diversified mining group and the number one producer of palladium and nickel in the world, released its 2011 global production figures on Friday.

In total in 2011, the group produced 295,096 metric tons of nickel, 377,944 metric tons of copper, 2,806,000 ounces of palladium and 695,000 ounces of platinum. The group’s total nickel production was down 0.8 percent in comparison to 2010, while global copper production was down three percent, Mining Weekly reports.

Palladium production dropped two percent in 2011 due to slight output falls in all divisions. Although the worldwide platinum production was steady, this was a result of gains from the company’s Russian production canceling out a decline with Norilsk Nickel International.

Norilsk Nickel International is part of a group that includes Norilsk Nickel Finland, Norilsk Nickel Australia and Norilsk Nickel Africa.

Norilsk made predictions for 2012 for its Russian operations, anticipating 235,000 to 240,000 metric tons of nickel, 355,000 to 360,000 metric tons of copper, 2,600,000 to 2,650,000 ounces of palladium and 650,000 to 660,000 ounces of platinum.

Norilsk reported that its output from its operations in Africa totaled 15,161 metric tons of nickel, 11,730 metric tons of copper, 93,000 ounces of palladium and 21,000 ounces of platinum, Mining Weekly reports.

Norilsk Nickel Africa includes two operations – Tati Nickel in Botswana and Nkomati Nickel in South Africa.

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