首页|Inco sees q1 2002 nickel output up 13 percent at 59,547 MT
Inco sees q1 2002 nickel output up 13 percent at 59,547 MT
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NSTL
Canadian miner Inco Limited said nickel production at its operations increased 13 percent in the first quarter of 2002, compared with the corresponding 2001 period, reflecting improved ore grades and recoveries.Nickel output in all forms rose to 59,547 metric tons in the reporting period from 52,585 tons in the first quarter of 2001, Inco said. The company uses purchased intermediates to increase processing capacity utilization at its Canadian operations. While the costs of purchased intermediates is higher, the price realizations are also higher, resulting in margins on these purchases remaining unchanged. The decrease in nickel unit cash cost of sales before by-product credits in the first quarter of 2002- to 3,197 dollars/ton - compared with the corresponding quarter of 2001 - of 3,549 dollars/ton - was principally due to lower energy costs and the favourable effect of a weakening in the Canadian dollar relative to the U.S. dollars, Inco added.
NSTL
