Norilsk Nickel continues to implement cobalt project

Kola MMC (an MMC Norilsk Nickel subsidiary) stepped on another stage of Cobalt project. Cutting cobalt cathodes equipment was shipped to the Company.

Semi-automatic cobalt cathodes cutting sequence is machinery comprising almost twenty units: scissors of all kinds, conveyors, special tables, barrels filling and weighing posts, etc. The RUR 120 million worth Darley brand equipment processing sales-ready products meets all modern and safety requirements.

Cutting sequence mounting is planned for December, whereas calibration has March 2014 timeframe.

Electrolytic cobalt production at Kola Peninsula is a strategic investment project of Norilsk Nickel aiming at expansion of the Company’s merchandize assortment at the expense of a highly profitable product. The project goal is erection of a unique Russian industrial facility producing high-quality and worldwide competitive product – electrolytic cobalt of highest hallmarks.