MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and one of the largest producers of platinum and copper, and the Government of the Krasnoyarsk Territory have signed an agreement on cooperation in the implementation of investment projects in the Krasnoyarsk Territory.
The document was signed on June 28 in the representative office of the Krasnoyarsk Territory in Moscow by Vladimir Potanin, Nornickel President, and Alexander Uss, Governor of the Krasnoyarsk Territory.
The agreement is intended to support businesses that run investment projects in the region. One of such projects is Nornickel’s plans for construction of new mining facilities and an upgrade of the Zapolyarny Mine, collectively an expansion referred to as the South Cluster and part of Nornickel’s Polar Division on the Taimyr Peninsula.
The South Cluster plans provide for an increase in ore production up to 9 Mt by 2027 through the expansion of the open pit and underground mining operations. The total volume of production as a result will increase sevenfold.
The project will open up to 2,000 additional jobs in the Norilsk Industrial District and is included in the ‘Yenisei Siberia’ integrated investment programme approved by the Russian government in 2019.