Mining projects – Key investment projects – Strategy

Skalisty mine forms part of Nornickel’s Polar Division and produces ore from the Talnakhskoye and Oktyabrskoye deposits. In 2018, the mine extracted 2.0 mt of rich ore.

Location

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division).

Project overview

Increasing ore production to 2.4 mtpa by 2023 by stripping rich and сupriferous ores at the Talnakhskoye and Oktyabrskoye deposits.

Highlights

Ore reserves:

57mt

Average metal content:

Ni — 3.1%

Cu — 3.6%

PGM — 9.7 g/t According to JORC standards.

Taimyrsky Mine

Taimyrsky Mine forms part of Nornickel’s Polar Division and produces ore from the Oktyabrskoye Deposit. In 2018, the mine extracted ca. 3.8 mt of rich ore.

Location

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division).

Project overview

Increasing ore production to 4.1 mtpa by 2021 by stripping rich copper-nickel ores at the Oktyabrskoye Deposit.

Highlights

Ore reserves:

139 mt

Average metal content:

Ni — 1.2%

Cu — 1.9%

PGM — 4.5 g/t According to JORC standards.

Oktyabrsky Mine

Oktyabrsky Mine forms part of Nornickel’s Polar Division and produces ore from the Oktyabrskoye Deposit. In 2018, the mine extracted 5.2 mt of ore.

Location

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division).

Project overview

Maintaining ore production at 5.2 mtpa until 2025 by stripping rich, disseminated and сupriferous ores at the Oktyabrskoye Deposit.

Highlights

Ore reserves:

219 mt

Average metal content:

Ni — 0.7%

Cu — 2.1%

PGM — 5.9 g/t According to JORC standards.

Komsomolsky Mine

Komsomolsky Mine forms part of Nornickel’s Polar Division and produces ore from the Talnakhskoye and Oktyabrskoye deposits. In 2018, the mine extracted 3.8 mt of cupriferous ore.

Location

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division).

Project overview

Increasing ore production to 4 mtpa by 2021 by stripping rich, сupriferous and disseminated ores at the Talnakhskoye and Oktyabrskoye deposits.

Highlights

Ore reserves:

185 mt

Average metal content:

Ni — 0.6%

Cu — 2.6%

PGM — 4.8 g/t According to JORC standards.