Norilsk Nickel to focus on Russian assets

“Norilsk Nickel” is about to sell its remaining the foreign assets and focus on its first-class Russian assets, located in Taimyr, Interfax reports.

In July, the company stated it would sell ofd the assets in Australia. Besides, they are about to sell the assets in Africa. In 2016, the company maps out to receive $1 billion for the assets, which will be paid out to the shareholders as special dividends.

The company, which was so interested in the projects abroad, has failed to find the projects more interesting and efficient than here in Russia.

Low profitability amidst nickel price fluctuations in 2012-2013 has influenced the decision on the sale of the foreign assets. Besides, the largest nickel and palladium resources in the world are located in Taimyr.