Annual
Report 2015

key investment projects ru

Mining capacities development strategy

Mining capacities development strategy

The Company’s strategy with a focus on Tier 1 assets and a disciplined investment approach was approved in 2013 and has proved its efficiency by bringing about the industry’s highest shareholder returns.

Major “value of the metal in the ground” projects for measured and indicated resourcesM&I Resources — measured and indicated resources, including proven and probable reserves (including proven and probable reserves)
Major “value of the metal in the ground” projects for measured and indicated resources (including proven and probable reserves) Source: Company data, Bloomberg, Wood Mackenzie * The estimates are based on the average prices in 2014

New projects (greenfield)

The Company has been consistently targeting new growth areas: to date, we have obtained a Maslovskoye Field licence and a number of other licences for a total of over 500 mt of ore.