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DGAP-News: MMC Norilsk Nickel: BOARD OF DIRECTORS APPROVES KEY PRINCIPLES OF THE COMPANY'S NEW STRATEGY

DGAP-News: MMC Norilsk Nickel: BOARD OF DIRECTORS APPROVES KEY PRINCIPLES OF 
THE COMPANY'S NEW STRATEGY

EquityStory.RS, LLC-News: MMC Norilsk Nickel / Key word(s): Strategic
Company Decision
MMC Norilsk Nickel: BOARD OF DIRECTORS APPROVES KEY PRINCIPLES OF THE
COMPANY'S NEW STRATEGY

12.09.2013 / 12:33

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NORILSK TO FOCUS ON TIER 1 ASSETS, QUALITY OF INVESTMENT GOVERNANCE AND
CAPITAL DISCIPLINE

NORILSK NICKEL BOARD OF DIRECTORS APPROVES KEY PRINCIPLES OF THE COMPANY'S
NEW STRATEGY

On September 12, 2013 MMC Norilsk Nickel's Board of Directors approved the
key principles of its new strategy, which will be presented to the
investment community in Q4 2013.

The new strategy aims to realize the full potential of Norilsk Nickel's
unique resource base in the Taimyr Peninsula, increase Company's
operational efficiency and make a step change in the quality of its
investment and capital governance.

As a key part of Company's new strategy, Norilsk will focus on Tier 1
assets with the main priority being given to its Polar Division that has a
world class proven and potential resource base. A number of operational
initiatives will be realized in the Company's Kola Division in 2014 to
bring it to a level of sustainable profitability.  Additionally, the
Company plans to complete the strategic review and monetize its non-Tier 1
international and non-core assets.

Alongside with fulfilling sustainable development objectives, the new
strategy will direct the new investments towards projects with high return
on capital (ROIC) and comprehensive project risk assessment and monitoring
systems. ROIC is to become a major performance indicator to key members of
Norilsk' management team and executives.

Cost-efficient ore mining based on the existing infrastructure of the Polar
Division, accelerated upgrading of enrichment capacities in Polar and
optimization of the metallurgical assets are also a major component of the
new strategy.

Building exploration as a globally competitive business unit focused on
profitable growth in key areas where the Company operates (Norilsk, Kola
and Zabaykalsky Krai) is another important objective of new strategy.

Norilsk Nickel will also examine options for raising the profile and role
of its PGM business and copper within the framework of its existing asset
portfolio.

'We believe that the new strategy will ensure global competitiveness of
Norilsk Nickel for years ahead.  Our joint vision for the business is
clearly manifested by the support of the Board of Directors. Increasing
capital and investment discipline, enhanced operational efficiency and
clear organizational focus on realizing the full potential of our Tier 1
assets - those are the key strategic priorities that will allow us to reach
ambitious goals that have been set for the Company,' said Vladimir Potanin,
CEO of MMC Norilsk Nickel.

ABOUT NORILSK NICKEL:

Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, Norilsk Nickel produces a large number of other by-products,
including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company's group in Russia are at the Polar
and Kola Peninsulas. Norilsk Nickel international assets include operations
in Finland, Australia, Botswana and South Africa.

Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the other the counter market in the US and
on the London and Berlin stock exchanges.


End of Corporate News

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Language:    English               
Company:     MMC Norilsk Nickel    
             22, Voznesensky Per.  
             125993 Moscow         
             Russia                
Internet:    www.nornik.ru         
ISIN:        US46626D1081          
WKN:         676683                
 
 
End of News    EquityStory.RS, LLC News-Service  
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230172 12.09.2013                                                      
 
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