Norilsk revenues up

Friday, June 13, 2008

Despite Norilsk Nickel shelving construction of the P4 billion Actiox Refinery project due to escalating costs, the company and its subsidiaries have registered their highest sales revenues, which stand at USD 17.1 billion.

In its consolidated financial results for the year ending 31 December 2007 released this week, the Group's revenue was up by 44 percent.

During the year under review, Tati Nickel Mine produced 14,000 tonnes of saleable nickel. Saleable copper from the same mine was 9,000 tonnes, while platinum was at 6,000 ounces. Tati Nickel contributed 31, 000 ounces of palladium to the overall Norilsk production for the year.

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