Our strong balance sheet allows us to withstand adequately the pressure coming from the weakness on the commodity markets and reiterate the commitment to our strategic capital investments program and modernization plans"
Read moreGareth PennyChairman of the Board of Directors MMC Norilsk Nickel
The Company’s strategy
Focus on Tier 1 assetsA disciplined approach to asset management
The Company continues to implement its strategic initiatives through:Diversification of metals revenueTier 1 mining assets delivering the industry’s highest margins.
0.84bn tonnesProven and probable reservesProven and probable reserves are included in mineral resources
2.17bn tonnesMeasured and indicated resource
Ni
7,3mt
15,4mt
CuExcluding deposit of Chita
12,3mt
23,4mt
Pd
94,8m oz t
191,1m oz t
Pt
25,3m oz t
53,6m oz t
Proven and probable reservesMeasured and indicated resources
Cost Optimization
We are carefully monitoring the global markets, and we launched a number of initiatives to reduce operating costs following an unprecedented drop in metal prices over the last few months. These initiatives are expected to deliver RUB 12 bn worth of savings"
Ni
CuExcluding deposit of Chita
Pd
Pt
