(Kitco News) - Nickel and palladium giant Nornickel said that a fire it reported earlier this week at its Kola MMC Nickel Electrowinning Shop-2 has been extinguished.
The company said that its platinum group metals production chain is intact and operating normally.
"The main part of the shop’s building, including the finished products storage and nickel electrowinning sections, according to preliminary estimates, have not been affected. The company conducted a test run of the nickel production line at the shop. An additional examination of the condition of the building and equipment is underway. The areas affected by the fire have been decommissioned, and the structures and equipment are being inspected with additional safety measures in place," wrote the company.
Nornickel is the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. In its recent H1 financial reports the company reported $9 billion in revenue.
