On June 3, 2004, the forum organised by London Bullion Market Association started its work in Moscow. During the event Evgeniy Ivanov, Polus CEO, made a report, in which he mentioned that MMC Norilsk Nickel plans to unite its gold assets and to double gold resources by 2010 up to 2.2 – 2.4 thou of gold.

This increase may happen only due to additional geological searching.

In addition the company emphasises its intention to participate in the auction for Sukhoi Log deposit. If it wins, MMC will increase its resources up to 3.6 – 3.7 thou by 2010. Thus the company will become the world’s forth gold mining company.

In 2003 Norilsk Nickel produced about 40 tons of gold. The information has been provided by Prime-TASS.