Untitled - PRIME Gold

48 2005 NORILSK NICKEL • ANNUAL REPORT •NORILSK NICKEL • ANNUAL REPORT •200549Taimyr PeninsulaThe Taimyr Peninsula incorporates seven mines producingcopper-nickel sulfide ores from the Oktyabrsky, Talnakh andNorilsk-1 deposits. Various grades of ore contain nickel, copper,cobalt, platinum, palladium, gold and other valuableconstituents.Enrichment assets include the Talhakh and Norilsk EnrichmentPlants. The Talnakh Enrichment Plant processes rich ores fromthe Talnakh and Oktyabrsky deposits to produce nickel, copperand pyrrhotite concentrates. The Norilsk Enrichment Plant processesthe entire volume of disseminated ores and cuprous oresfrom the Oktyabrsky and Talnakh deposits and stored pyrrhotiteconcentrate to produce nickel and copper concentrates.The metallurgical capacities of the Taimyr Peninsula include theNadezhda Metallurgical Plant, the Nickel and the CopperPlants.Technical map of production at Taimyr PeninsulaThe Nadezhda Metallurgical Plant processes all the nickel andpyrrhotite concentrates produced by the Talnakh EnrichmentPlant, some of the nickel concentrates from the NorilskEnrichment Plant (about 15%) and all the copper concentratefrom the matte separation area of the Nickel Plant roastingshop to produce high-grade matte, copper anodes and elementalsulfur.The Nickel Plant processes the majority of the nickel concentrategenerated by the Norilsk Enrichment Plant (about 85%),all enriched stored pyrrhotite concentrate and some highgradematte from the Nadezhda Metallurgical Plant to producenickel cathodes and cobalt.The Copper Plant processes copper concentrates producedby the Talnakh Enrichment and Norilsk Plants and copperanodes from the Nadezhda Metallurgical Plant to producecopper cathodes, elemental sulfur and sulfuric acid. TheMetallurgical shop, which is a division of the Copper Plant,recycles slag from the copper and nickel electrolysis shopsand slags from copper production in the Kola Peninsula to produceprecious metal concentrates, metallic silver, seleniumand tellurium.The Group has outsourced the refining of the precious metalsconcentrates from the Taimyr Peninsula to an independentprecious metals refinery – Krasnoyarsk Precious MetalsPlant under a toll refining agreement.Kola PeninsulaThe Group mines the Zhdanovskoe, Zapolyarnoe, Kotselvaaraand Semiletka deposits in the Kola Peninsula, where it operatesfour mines extracting disseminated sulfide ores containingnickel, copper and sundry by-products.Disseminated ores produced by the Kola mines are processedby the Penchenganickel Enrichment Plant to produce collectivecopper and nickel concentrates. In 2004, the roasting shopwas made part of the Enrichment Plant. The Enrichment Plantproduces pellets and briquettes, which are then processed inthe smelting shop to produce high-grade matte for further processingat Severonickel. Severonickel processes high-grademattes received from the Taimyr Peninsula and Pechenganickel.Its key products include nickel and copper cathodes, carbonylnickel, cobalt concentrate, precious metals concentrates andsulfuric acid.The Group has outsourced the refining of the precious metalconcentrates from the Kola Peninsula under toll refiningagreements to an independent precious metals refinery(Krasnoyarsk Precious Metals Plant).Technical map of production at Kola Peninsula:Pechenganickel Combined Plant8MMC NORILSK NICKEL NOT INCLUDINGGOLD MINING ASSETS (POLUS)Notes:(1) SPC – stored pyrrhotite concentrate(2) ESPC – enriched stored pyrrhotite concentrate(3) MSA – matte separation area(4) KPMP – Krasnoyarsk Precious Metals Plant