Report 2015

key investment projects ru

Modernization for growth

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"
Gareth Penny
Read more Gareth Penny Chairman of the Board
of Directors MMC Norilsk Nickel

The Company’s strategy

Focus on Tier 1 assets A disciplined approach
to asset management
Read more

Investment strategy

The Company continues to implement its strategic initiatives through: Diversification of metals revenue Tier 1 mining assets
delivering the industry’s highest margins.
Development projects


‘000 oz t
‘000 oz t
0.84 bn tonnes Proven and probable reservesProven and probable reserves are included in mineral resources
2.17 bn tonnes Measured and indicated resource
Ni Ni
7,3 mt
15,4 mt
Cu CuExcluding deposit of Chita
12,3 mt
23,4 mt
Pd Pd
94,8 m
oz t
191,1 m
oz t
Pt Pt
25,3 m
oz t
53,6 m
oz t

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"
Vladimir Potanin
Read more Vladimir Potanin President
MMC Norilsk Nickel