1. A process has been developed for the manufacture of nickel-base alloy powder from swarf. The process is based on the technique of coreduction of mixed oxides and metal powders with calcium hydride. 2. The alloy powder has a chemical composition which substantially conforms to the requirements of the ChMTU/TsNIIChM 1318–65 technical specification for the cast alloy, a low oxygen content (not more than 0.10%), and a high degree of homogeneity. 3. The alloy powder, whose apparent density, particle size distribution, and flowability correspond to those of high-alloy steel and alloy powders (to GOST 13084-67 standard), exhibits good compressibility and is well suited for the manufacture of porous and dense parts and materials by powder metallurgy techniques. 4. Experimental batches of powder have been produced intended for comprehensive studies of properties and trials by customers.