Annual report 2016

Advancing transformational change
Annual report // 2016
Tier I assets as the platform for sustainable development
Downstream upgrade for better performance
Maintaining corporate culture as added value for stakeholders
Focus on Tier I assets for higher shareholder returns
Better financial performance for sustainable future
Approved in 2013, the Company’s strategy with a focus on Tier I assets and a disciplined investment approach has proved its viability by delivering the industry’s highest shareholder returns.
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Focus on improving the cash cost profile, recovery rates, as well as environmental performance.
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Focus on lower pollutant emissions and overall improvement of the living and working conditions of employees.
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Strategic focus on unlocking the potential of Tier I assets, i.e. projects with an annual revenue of over USD 1 bn, EBITDA margin of 40% and mine life of reserves ratio of at least 20 years.
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Social responsibility, health, safety and environment
Major upgrade
of production
Growth based on Tier I assets in Russia
strategic priorities
Key investment projects
Capital expenditures in 2016
Our investment project KPIs proved to be resilient to the challenging macro environment, and we will carry on with their implementation despite commodity market volatility.
Gareth Penny
Gareth Penny
Chairman of the Board of Directors PJSC "MMC "Norilsk Nickel"
Vladimir Potanin
Vladimir Potanin
Chairman of the Management Board PJSC "MMC "Norilsk Nickel"