London — PJSC “MMC “Norilsk Nickel”, the largest refined nickel and palladium producer in the world, hosted today its annual Capital Markets Day. The Company’s management has presented to the investment community the priorities of the new strategic cycle.
- Health, safety and environment: zero tolerance for fatalities and target of 20% annual reduction of LTIFR have been reiterated; the comprehensive environmental programme aiming to reduce sulphur dioxide emissions at both the Polar and Kola Divisions has been launched.
- Efficiency improvements: The new operating efficiency targets of labour productivity growth by
12-15%by 2020 and increase of metal production by 5-8%in the short-term have been announced.
- Long-term growth targets: The ambition to transform from a ‘steady state’ operation to a long-term growth story has been revealed with a strategic target for metal production growth from the existing asset base of
15-25%by 2025+ aiming to capture rising demand for nickel, copper and palladium driven by the structural changes in automotive sector.
- Assessment of “blue sky” growth opportunities: Evaluation of a unique mining project — potentially the world’s largest greenfield PGM cluster (Arctic Palladium) is under way.