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MMC Norilsk Nickel: NORILSK NICKEL PRESENTS ITS ANNUAL STRATEGY UPDATE - Seite 2
bn of nonproductive capital via exit from non-core and low margin assets,
and a reduction of SG&A and purchasing costs.
Over the 2014-2017 period, the Company is guiding its total capital
investments to be around $9.5 bn. The Company is considering non-recourse
funding sources, in particular, $1 bn project financing for Bystrinsky GOK
project, which is included in the total capex.
The Company is taking its dialogue with the government to a new level. The
Company is engaged into public-private partnership to develop large
infrastructure projects. Jointly with the Government of the Russian
Federation, the Company is preparing accelerated development programs for
Taymyr region, improvements into legislation to stimulate exploration and
long-term growth of non-ferrous and precious metals mineral resources as
well as initiatives for the development of infrastructure.
The CEO, Vladimir Potanin commented: "We are delighted to provide
investment community with an updated development strategy for Norilsk. Last
October we defined the main principles of our strategic vision, and laid
down the foundation for our sustainable development. Our 2013 results
confirmed that we are progressing well towards our strategic goals. We
believe that the delivery on our next three-year targets will require an
absolute focus of the management on our objectives and a lot of hard work.
I believe that in the coming years, the world's best mineral resource base
and a highly experienced management team will enable us to open a new
chapter in Norilsk Nickel's history".
For further information, please, contact:
ABOUT MMC NORILSK NICKEL:
MMC Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, MMC Norilsk Nickel produces a large number of other by-products,
including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company's group in Russia are at the Polar
and Kola Peninsulas. MMC Norilsk Nickel international assets include
operations in Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the other the counter market in the US and
on the London and Berlin stock exchanges.
End of Corporate News
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Language: English
Company: MMC Norilsk Nickel
11, Bolshaya Tatarskaya st.
115184 Moscow
Russia
Internet: www.nornik.ru
ISIN: US46626D1081
WKN: 676683
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market ; London, Nasdaq
End of News EquityStory.RS, LLC News-Service
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269374 19.05.2014
investment community with an updated development strategy for Norilsk. Last
October we defined the main principles of our strategic vision, and laid
down the foundation for our sustainable development. Our 2013 results
confirmed that we are progressing well towards our strategic goals. We
believe that the delivery on our next three-year targets will require an
absolute focus of the management on our objectives and a lot of hard work.
I believe that in the coming years, the world's best mineral resource base
and a highly experienced management team will enable us to open a new
chapter in Norilsk Nickel's history".
For further information, please, contact:
Media Relations: Investor Relations:
Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20
Email: uosmail@nornik.ru Email: ir@nornik.ru
ABOUT MMC NORILSK NICKEL:
MMC Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, MMC Norilsk Nickel produces a large number of other by-products,
including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company's group in Russia are at the Polar
and Kola Peninsulas. MMC Norilsk Nickel international assets include
operations in Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the other the counter market in the US and
on the London and Berlin stock exchanges.
End of Corporate News
---------------------------------------------------------------------
19.05.2014 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: MMC Norilsk Nickel
11, Bolshaya Tatarskaya st.
115184 Moscow
Russia
Internet: www.nornik.ru
ISIN: US46626D1081
WKN: 676683
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market ; London, Nasdaq
End of News EquityStory.RS, LLC News-Service
---------------------------------------------------------------------
269374 19.05.2014
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