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Russian mining giant Nornickel resumes full production at Oktyabrsky

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(Kitco News) - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced today that it has ramped up ore mining at the Oktyabrsky underground mine back to its full capacity.

The company added that the Taimyrsky underground mine, which has also been temporarily suspended due to the flooding, is on track to resume operations. Completion of water pumping and production restart are scheduled for early June, said Nornickel.

"Water pumping from the horizons of the Oktyabrsky mine has been completed. Ore extraction and operation of its two shafts has been restored and the mine is now operating at its design capacity. Pumping out of water from the Taimyrsky mine as well as fixing mine workings back to a safe condition are progressing on track with the earlier announced recovery schedule. By June 1st, we are planning to gradually restart ore mining operations at Taimyrsky," said Nikolay Utkin, Senior Vice President and Head of the Norilsk Division.

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