Cooperation agreement signed with Ministry of Industry and Trade and Krasnoyarsk territory

The Ministry of Industry and Trade of the Russian Federation, the Krasnoyarsk Territory and NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary have entered into a cooperation agreement to implement investment projects and major environmental initiatives in the Krasnoyarsk Territory. The document was signed in Norilsk on 6 September by Denis Manturov, Minister of Industry and Trade of the Russian Federation, Yuri Lapshin, Chairman of the Krasnoyarsk Territory Government, and Sergey Batekhin, Senior Vice President and Head of Sales, Procurement and Innovation at Nornickel.

The agreement is meant to support businesses that are engaged in investment projects and provides for wider use of Russian-made equipment and support of R&D activities to develop and implement new types of equipment across the region. The document is expected to help improve the industry and investment regulatory framework.

“Represented by the Ministry of Industry and Trade, the government is willing to support investment projects at all stages, creation and development of high-tech facilities, and the use of best available technologies,” said Denis Manturov. “Another aim is to facilitate subsidies to compensate R&D costs of investment projects.”

With its key production assets located in the Krasnoyarsk Territory, Nornickel has ambitious projects that go beyond mining and production and span the areas of infrastructure, environment, transport, and social responsibility. In the new 2019–2022 investment cycle alone, Nornickel’s CAPEX, including environmental projects, will be as much as USD 11.5 bn.

This includes the development of the Talnakh OreNatural minerals containing metals or their compounds in economically valuable amounts and forms.Go to the glossary Cluster reserve base and capacity increase at Talnakh Concentrator. The CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossary is developing reserves of the Southern Cluster, located in the northern part of the Norilsk-1 Deposit. On top of that, Nornickel is entering an active stage at its large-scale and capital-intensive Sulphur Project, which by 2023 is expected to reduce sulphur dioxide emissions in the Norilsk Industrial District by 75% compared to 2017. Investments in the Sulphur Project alone stand at USD 2.5 bn.

“All our projects — environmental, social, and industrial — are for the long-term growth and sustainable development of the Krasnoyarsk Territory,” said Sergey Batekhin. “Our ability to perform and achieve our goals is underpinned by very impactful cooperation with the Ministry and regional authorities as part of public-private partnership.”

“With Nornickel taking on a lot of commitments, the government is willing to provide support to environmental investment projects,” said Yuri Lapshin. “To this end, the Krasnoyarsk Territory is ready to improve its regional laws on industry regulation and support and to join forces with federal authorities to help the industry evolve and thrive in the region.”