OJSC MMC Norilsk Nickel (LSE:MNOD) announced the results of a Management Board meeting to optimize mining and processing operations in Finland and Australia.
As quoted in the press release:
The Company’s strategic goals are to fulfill the cost potential of the assets in Finland and Australia by creating the united vertically integrated system of its mining and processing facilities in these countries.
Achieving these goals will allow stabilizing the load of Norilsk Nickel Harjavalta’s refining facilities with its own high-grade feed for a long-term period, and ensuring the independence from third-party concentrate suppliers. Furthermore, due to the feed supply optimization, it is expected to reduce the production costs to be generated by the processing facilities at Cawse hydrometallurgical plant in Australia and Harjavalta refining plant in Finland.