Focus on Tier 1 assets
Tier 1 assets serve as a basis for the Company’s business model
Under the existing criteria, the Company’s assets can be split into three major groups:
1
Tier 1 assets
Polar Division, Kola MMC, Bystrinsky MPP
Our strategic focus is on boosting returns, bringing on further investment discipline improvements and identifying growth opportunities
2
Other core assets
Australian assets,
Tati, Nkomati
- Australian assets, Tati — sold
- Nkomati — sales and purchase agreements in place
3
Inherited assets
Infrastructure facilities and Polar Division’s Southern Cluster, including Zapolyarny Mine and Norilsk Concentrator
Strategic analysis of development options
Large scale
>1
USD BN OF REVENUE
High margins
>40
% OF EBITDA
MARGIN
MARGIN
In 2013, the Company made a strategic decision to focus on the development of core assets delivering the highest return on investments.