During its recent meeting, members of the board of Norilsk Nickel came up with a new commercial framework defining the company’s strategy and centering primarily on the development of core domestic assets.

In line with the scheme, one of the largest manufacturers of metals in Russia will focus its efforts on tier one assets within Russia and will divest of non-essential foreign operations that have not proven themselves sustainable. The enterprise is further expected to place greater emphasis on copper and platinum production.

The executives of Norilsk Nickel stated that they were certain the company will pay significant dividends to shareholders, the drop in metals prices notwithstanding.

As to Norilsk Nickel’s priority areas, the company will concentrate on the Polar Division, which boasts the greatest stated reserves. Additionally, the enterprise has plans to augment production to sustainable levels with the use of the company’s existing infrastructure. Lastly, the program of Norilsk Nickel provides for upgrading and modernizing the company’s enrichment processing lines.