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At an open tender held on August 6, 2003 “Euroasian Investment Pool”, representing MMC “Norilsk Nickel”, acquired a controlling stake of 38% (50,7% of voting shares) in OAO “Matrosov Mine”. The total consideration for the stake was RUR1,033 million.
“We are satisfied with the results of the tender”, said Maxim Finsky, Deputy Chairman of the Management Board, Deputy General Director of MMC “Norilsk Nickel”, - MMC “Norilsk Nickel” intends to raise its stake in “Matrosov Mine” to more than 75%”.
The most valuable asset that OAO “Matrosov Mine” holds is a license to develop the Natalkinskoe gold deposit (proven gold reserves are currently estimated to be at 250 tons). According to the estimates of Norilsk Nickel and independent experts the gold reserves of the Natalkinskoe deposit have yet to be fully explored. Norilsk Nickel intends to fully prospect the deposit and plans to increase the reserve base of the “Matrosov Mine” to 600-800 tons of gold over the course of next year.
MMC "Norilsk Nickel" plans to expand gold production to more than 10 tons a year at the "Matrosov Mine". | 
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