Norilsk Nickel presents updated strategy to investors

Next Monday Norilsk Nickel will present to the investors its updated strategy for the company’s development. The Board of Directors agreed yesterday, a source close to a shareholder of the company tells to Vedomosti; the information is confirmed by a source close to Norilsk Nickel. They told in the strategy presented to the investors in October 2013 that Norilsk Nickel was going to concentrate on ‘the super-class assets’ gaining the company revenue of over $1 billion a year, with profitability by EBITDA of over 40% and reserves for over 20 years. The Zapolyarye subsidiary immediately fell under these criteria. Norilsk Nickel announced about the intention to dispose of non-profile and foreign assets. The destiny of the Bystrinsky project in Zabaikalye including the Bystrinsky and Bugdainsky ore-dressing combines have remained questionable for over 6 months.
Now the Bystrinsky project is acknowledged ‘the super-class asset’ by the investment committee. The decision about its inclusion to the corresponding list will be agreed at the separate session of the Board of Directors after additional compiling.