Norilsk Nickel has difficulties working abroad!

The new development strategy that was agreed by Norilsk Nickel last week is aimed at the development of deposits with high profitability.

The disclosure of the full potential of the unique resource base of Norilsk Nickel in Russia is the first point of the renewed strategy of the Russian nickel and palladium producer Norilsk Nickel. The inability of the large amounts of Russian capital to work in the highly-competitive global markets has become wide-spread: following UC Rusal, Norilsk Nickel announced about its intentions to sell off ‘non-profitable’ assets.

They have put up  for sale the reserved nickel mine Lake Johnston and the greenfield project Honeymoon Well in Australia, Nkomati in the SAR and Tati Nickel in Botswana. Currently, Norilsk Nickel's foreign enterprises are the nickel refining plant in Finland Norilsk Nickel Harjavalta, 50% in the nickel enterprise Nkomati, the Australian mine Black Swan, Norilsk Nickel Cawse enterprise, Lake Johnston and the greenfield-project Honeymoon Well. The list of non-profile assets includes several shareholdings in  energy assets.