Mining projects

Increasing ore production from 1.8 mtpa to 2.2 mtpa in 2018 and to 2.4 mtpa by 2024 by stripping and extracting rich cupriferous ore reserves of the Talnakhskoye and Oktyabrskoye Fields.

Highlights
Ore reserves 65.9 mt
2017 CAPEX of ca. RUB 13 bn (USD 216 mln)
2018–2024 CAPEX of ca. RUB 65 bn (USD 1.1 bn)

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)

Average metal content

2.7%
3.1%
8.0 g/t
Project schedule
2017
  • Production ramp-up to 1.75 mt
  • 152 m sinking of ventilation shaft–10 (total of 1.9 km out of 2.1 km)
  • 322 m sinking of skip-cage shaft–1 (total of 1.7 km out of 2.1 km)
  • Drifting of 4,519 m
2018
  • 500 kt capacity commissioning
  • Completion of ventilation shaft
2019

Completion of skip-cage shaft–1 construction

2020

Completion of infrastructure construction

2024

Production ramp-up to 2.4 mt

Increasing ore production to 5.2 mtpa by 2023 by stripping high-grade, disseminated and сupriferous ores at the Oktyabrskoye Field.

Highlights
Ore reserves of 63.0 mt
2017 CAPEX of ca. RUB 5.4 bn (ca. USD 93 mln)
2018–2023 CAPEX of over RUB 22 bn (ca. USD 371 mln)

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)

Average metal content

2,3%
3,5%
7.3 g/t
Project schedule
2016

300 kt capacity commissioning

2017

1.8 km of underground workings completed and 100 kt of new capacity completed

2018
  • Capacity commissioning (500 kt of rich ore)
  • Upgrading the hoist system at skip shaft No. 3
2019

Capacity commissioning (200 kt of rich ore)

2020

Capacity ramp-up to 3.8 mt

2021

Capacity commissioning (400 kt of rich ore)

Increasing ore production to 5.2 mtpa by 2023 by stripping high-grade, disseminated and сupriferous ores at the Oktyabrskoye Field.

Highlights
Ore reserves of 96 mt
2017 CAPEX of ca. RUB 4 bn ca. USD 69 mln
2018–2025 CAPEX of ca. RUB 6.0 bn (ca. USD 95 mln)

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)

Average metal content

1,0%
3,1%
7,6 g/t
Project schedule
2017
  • 7 km of underground workings completed,
  • Capacity ramped up by 250 kt of disseminated ore and 100 kt of rich ore
2019

Capacity commissioning (150 kt of rich ore and 700 kt of сupriferous disseminated ore)

2020–2025

Capacity commissioning (300 kt of сupriferous ore)

Increasing ore production to 3.8–4.0 mtpa before 2020.

Highlights
Ore reserves of 22.9 mt
2017 CAPEX of ca. RUB 1.2 bn (ca. USD 18 mln)
2018–2022 CAPEX of over RUB 14 bn (ca. USD 234 mln)

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)

Average metal content

1,5%
1,8%
5,5 g/t
Project schedule
2017
  • Power supply system completed at the southern ventilation shaft
  • Сa. 3 km of underground workings completed
  • 100 kt of rich ore capacity commissioned
2018
  • Completion of the western backfilling shaft reconstruction
  • capacity commissioning (200 kt of сupriferous ore)
2019

Capacity commissioning (175 kt of rich ore)

2020

Capacity commissioning (225 kt of rich ore and 200 kt of disseminated ore)