Taimyr Peninsula (Polar Division and Medvezhy Ruchey)
Norilsk Nickel’s Polar Division develops copper-nickel sulphide deposits at the Talnakhskoye and Oktyabrskoye Fields (the Talnakh Ore Cluster). Medvezhy Ruchey develops copper-nickel sulphide deposits at the Norilsk-1 Field (part of the Norilsk Ore Cluster).
The Company has a strong potential to maintain the high level of ore reserves given the significant mineral resources available within the existing mining operations. The depleted rich and cuprous ore reserves at the existing mines are mainly replaced through inferred resources on the flanks of the fields under exploitation. The Company plans to ramp up its mining operations by tapping into new rich ore deposits and focusing on the gradual and active development of disseminated and cuprous ore horizons. The Company will leverage the approved projects to develop new deposits and horizons in the Talnakh Ore Cluster and promising geological exploration data to ensure a sustainable mineral resource base going forward.
Ni — 2.87%, Cu — 7.02%, PGM — 17.04 g/t
Kola Peninsula (Kola MMC)
Kola MMC develops copper-nickel sulphide deposits at the Zhdanovskoye, Zapolyarnoye, Tundrovoye, Kotselvaara-Kammikivi and Semiletka Fields as part of Pechenga ore fields. In addition to those, Pechenga ore fields include the Sputnik, Bystrinskoye and Verkhneye Fields, and Kola MMC also holds an exploration and mining licence for them.
Ni — 0.63%, Cu — 0.27%
Zabaykalsky Krai (GRK Bystrinskoye and Bugdainsky Mine)
GRK Bystrinskoye develops deposits of gold-iron-copper ores at the Bystrinskoye Field.
Bugdainsky Mine holds an exploration and mining licence for the Bugdainskoye Field.
The exploration of the field resulted in B + С1+ C2 mineral reserves entered into the government books in 2007. 2013 saw the launch of a development project at the Bugdainskoye Field in accordance with the duly approved design documents. In 2014, due to the low international molybdenum prices, the subsoil user suspended its right to develop the Bugdainskoye Field for three years. In 2017, the suspension of the right to develop the field was extended for another five years, until 31 December 2022.
Australia (Norilsk Nickel Cawse)
The Group holds a licence to develop the Honeymoon Well Project including:
- fields with disseminated nickel sulphide ores (Hannibals, Harrier, Corella and Harakka);
- the Wedgetail Field hosting solid and vein ores.
South Africa (Nkomati)
Nkomati is a 50/50 joint venture of the Norilsk Nickel Group and African Rainbow Minerals. Nkomati's performance is reflected in financial results using proportional consolidation according to our stake and not reflected in other totals.
The Nkomati disseminated copper-nickel sulphide ore deposit constitutes part of the Bushveld Complex. Nkomati is comprised of several ore bodies, the key ones being a solid sulphide ore body (rich nickel ore) and the Main Mineral Zone (MMZ). The field also contains a Peridotite Chromite Mineralisation Zone (PCMZ) with a lower metal content vs MMZ.
The proven and probable ore reserves as at the end of 1H 2017