Theoretical foundations of company diversification, both production diversification and product diversification, are considered. The necessity of diversification of OAO Kola Mining and Metallurgical Company is substantiated due to the limited local copper and nickel ores, fluctuations in the world metal market, the possibility and expediency of maximum use of the previously created production potential. In addition to the production of nickel, copper and cobalt, OAO Kola MMC proposes to organize the production of metallic titanium and its alloys, pigment titanium dioxide, metallic chromium and its alloys, ferrovanadium and other types of products with higher added value. This will contribute to the economic efficiency of operation and sustainability of the company.
