OREANDA-NEWS. During 2006 the physical volumes of nickel sales of OJSC “Norilsk Nickel”  (excluding sales of metal purchased from third parties) increased by 5% (or 13,000 tonnes) to 257,000 tonnes as compared to 244,000 tonnes in 2005, the consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) goes.

Due to a significant growth in the adjusted average selling price of nickel by 65% – from USD 14,560 per tonne in 2005 to USD 24,081 per tonne in 2006. The revenue from nickel sales increased by 70% and reached USD 6,228 million in 2006 as compared to USD 3,674 million in 2005.