Nornickel signs an agreement with Krasnoyarsk Govt

MMC Norilsk Nickel and the Government of the Krasnoyarsk Territory signed an agreement on cooperation in the implementation of investment projects in the Krasnoyarsk Territory.

The agreement is intended to support businesses that run investment projects in the region. One of such projects is Nornickel’s “Construction of new mining facilities and upgrade of Zapolyarny Mine (South Cluster)”, which provides 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 will increase sevenfold. The project is included in the “Yenisei Siberia” integrated investment programme.

The pursuit of Nornickel’s investment projects will contribute to a larger tax base of the Krasnoyarsk Territory’s consolidated budget, improve the environmental situation, develop the industrial potential of the Krasnoyarsk Territory, increase labor productivity and boost the regional economy. To this end, the Krasnoyarsk Territory Government is implementing a set of measures to stimulate investment activity in the region.

Nornickel plans to carry out social and infrastructure projects in the Krasnoyarsk Territory that will contribute to the region’s development. The Company is ready to invest at least RUB 7.13 bn in these projects until 2028.