Mining projects
Location
Norilsk Industrial District, Krasnoyarsk Region
Project overview
The Skalisty Mine development project aims to ramp up ore production to 2.5 Mtpa by 2020, and maintain this level until 2025 through mining the rich and cuprous ore reserves of the Talnakhskoye and Oktyabrskoye deposits. In 2020–2025, the project’s CAPEX will total RUB 58.3 bn (USD 0.85 bn).
Project timeline
- CAPEX – RUB 3.7 bn (USD 58 mln)
- Refurbishment of ventilation shaft No. 10 completed, and the main ventilation unit launched
- The sinking of skip-cage shaft No. 1 completed (2.1 km in total)
- Commissioning of ventilation shaft No. 10
- Commissioning 400 ktpa of saleable ore capacity
Location
Norilsk Industrial District, Krasnoyarsk Region
Project overview
The Taimyrsky Mine development project aims to sustain ore production at 4.3 Mtpa until 2025 by tapping into the rich copper-nickel ore reserves of the Oktyabrskoye deposit. In 2020–2024, the project’s CAPEX will total RUB 32.8 bn (USD 491.6 mln).
Project timeline
- CAPEX – RUB 4.3 bn (USD 67 mln)
- 5.6 km of underground workings completed
- Commissioning 1.15 Mtpa of capacity to maintain ore production at 4.3 Mtpa
Location
Norilsk Industrial District, Krasnoyarsk Region
Project overview
The Oktyabrsky Mine development project aims to maintain production of depleting reserves, and gradually ramp up production to 6.0 Mtpa until 2025, through mining 38.5 mln t of the rich disseminated and cuprous ore reserves of the Oktyabrskoye deposit. In 2020–2025, the project’s CAPEX will total RUB 3.8 bn (USD 56.1 mln).
Project timeline
- CAPEX – RUB 1.7 bn (USD 27 mln)
- 2.6 km of underground workings completed
- Commissioning 300 Ktpa cuprous ore and 1.15 Mtpa ore capacity to maintain production reserves
Location
Norilsk Industrial District, Krasnoyarsk Territory (Polar Division)
Project overview
The Komsomolsky Mine development project aims to maintain ore production at 4 Mtpa until 2023, by mining the rich, cuprous, and disseminated ore reserves of the Talnakhskoye and Oktyabrskoye deposits. In 2020–2023, the project’s CAPEX will total RUB 13.7 bn (USD 204.5 mln).
Project timeline
- CAPEX – RUB 3.5 bn (USD 54 mln)
- 4.5 km of underground workings completed
- Commissioning 1.5 Mtpa of saleable ore capacity
Location
Norilsk Industrial District, Krasnoyarsk Region
Project overview
The project aims to ramp up ore production to 9 Mtpa by 2027, first by expanding the pit (open-pit operations) and then through underground mining. In 2020–2027, the project’s CAPEX will total RUB 63.1 bn (USD 0.9 bn).
Project timeline
- CAPEX – RUB 1.6 bn (USD 24 mln)
- Stripping completed
- Exploration conducted
- Design documentation development started
- Feasibility study and detailed engineering conducted
- Completion of design documentation
- Securing of approval from the Main Department of State Expertise
- Launch of construction and installation works
- Construction and installation works, equipment delivery
- Launch of ore production
In 2018, Nornickel and Russian Platinum, a Russian private company, signed a memorandum of intent to set up a joint venture (JV) with a view to develop the Norilsk Industrial District’s deposits. Contributions to the JV’s authorised capital included Nornickel’s licence to develop the Maslovskoye deposit and Russian Platinum’s licence to develop the southern part of the Norilsk-1 deposit and the Chernogorskoye deposit.
In March 2020, Russian Platinum has notified the Company of its decision to terminate the negotiations regarding Arctic Palladium JV and to proceed with the development of the Chernogorskoye Deposit and the southern part of the Norilsk-1 Deposit on its own. This decision owes to UC RUSAL, one of Nornickel's shareholders, not issuing due corporate approvals to Nornickel to participate in the proposed joint venture.