Investment over the last five years totalled over RUB 500 bn while the Company’s investment programme is expected to more than double over the next five years.
Our goal is to transform into an environmentally advanced business that offers sought-after jobs and premium investment opportunities. The upgrade of smelting operations in Monchegorsk will reduce emissions sevenfold in 2021 from a 2015 baseline. Along with the programme in Norilsk, which will require us to spend huge amounts running into hundreds of billions of roubles, we will cut emissions by 90% in the Norilsk region as well. As a result, we will be able to position ourselves as a business that goes beyond offering products for the green economy such as palladium and platinum used in catalysts to reduce emissions from vehicles as well as nickel, cobalt and other products that are used to manufacture batteries for the transition to hybrid and electric vehicles.