Nornickel & Krasnoyarsk Sign Pat for Investment Projects
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Nornickel & Krasnoyarsk Sign Pat for Investment Projects

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

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 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 “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 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.

Nornickel plans to carry out social and infrastructure projects in the Krasnoyarsk Territory that will contribute to region’s development. The priority areas are community, culture, education and science, higher operational efficiency, and innovation. The Company is ready to invest at least RUB 7.13 bn in these projects until 2028.

The signed agreement reinforces previous intentions. The company confirms its interest to execute investment projects in the Krasnoyarsk Territory. In its turn the regional government will cultivate favourable investment climate, develop proposals on state support of industrial activity and improve legislation in this domain”.

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