The board of directors at Nornickel, in which Rusal holds a 27.8% stake, will discuss its 2030 investment strategy and dividend guidelines on March 29.
British ministers have rejected a request from mining magnate for a $234.36 million emergency loan to prevent his group, GFG Alliance, from collapsing.
Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.