Trans-Baikal Division

Project summary

One of the largest greenfield projects in Russia’s mining industry. 50.01% owned by Nornickel. Life of mine: 27 years.

Project status

  • In 2023, a new major strategic project was launched to upgrade the concentrator’s milling section; utilities design documents for the mill construction project were developed and approved.
  • Plans for 2024 include commissioning the first growth projects under the long‑term strategy – magnetic separation capacity additions and a gold concentrate dehydration unit.
283 mln tCalculated to the JORC Code as at 1 January 2024.
Ore reserves, grading:
Cu ~0.53% Fe ~18.67% Au ~0.66 g/t
USD 963 mln
2023 EBITDA
15 mln t
Production in 2023, with
0.63% Cu content
Production volumes 2023 2024E
Cu in concentrate kt 69 64‑68