Capacity upgrade and ramp-up at Talnakh Concentrator

Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)

Project schedule

2015

Launch and commissioning of Stage 1

2016

Launch of Stage 2
Pilot-launched of new tailings pit

2017

Full commissioning of Stage 2
2017 CAPEX of total project of ca. RUB 5.2 bn (USD 89 mln)

2018

Decision on commissioning Stage 3
Output of key assets of new tailings pit (first phase)

In April 2014, massive reconstruction of Talnakh Concentrator entered its main stage. In January 2015, Stage 1 was commissioned, followed by the launch of Stage 2 in May 2016. Decision on launching Stage 3 will be made in 1H 2018.

Highlights

Stage 1	Stage 2	Stage 3
Maintaining existing capacity at 7.5 mtpa; Reconstructing existing floatation capacities and replacing flotation machines tha are beyond their useful lives and building a new tailings pit (first phase)	Ramping up capacity from 7.5 mtpa to 10.2 mtpa Upgrading equipment; Increasing nickel content in nickel-pyrrhotite concentrate from 5.8% to 9.5%; Total CAPEX of ca. RUB 33.7 bn (USD 671 mln)	Ramping up capacity from 10.2 mtpa to 18 mtpa; Building the second phase of the tailings pit. Investment decision on launching Stage 3 expected in 1H 2018.