2021 sustainability report

ABOUT
NORNICKEL
GROUP

Overview

GRI 102-1 102-2

Nornickel is a leader of the Russian metals and mining industry, ranks No. 1 among the world’s producers of refined nickel and highgrade palladium, and is one of the major producers of platinum, copper, and cobalt globally.

Nornickel’s core operations include geological exploration, production, and sales of non-ferrous and precious metals, as well as research and development.

Nornickel’s customers include over 350 companies in 36 countries across the world.

Nornickel’s products

Nornickel is the largest industrial player in the Russian Arctic and one of the most attractive employers, with more than 60,000 employees permanently working beyond the Arctic Circle.

Ni
Nickel
Pd
Palladium
Pt
Platinum
Co
Cobalt
Cu
Copper
Rh
Rhodium
Au
Gold
Ag
Silver
Ir
Iridium
S
Sulphur
Te
Tellurium
Se
Selenium
Ru
Ruthenium

Position in the industry*

GRI 102–7
36
COUNTRIES

Receive supplies
of Nornickel’s products

743
MT

Proven and probable
reserves

№1
palladium
producer
38%*
№5
rhodium
producer
7%*
№1
high-grade
nickel producer
17%*
№14
cobalt
producer
2%*
№4
platinum
producer
10%*
№12
copper
producer
2%*

Nornickel’s contribution to the national economy in 2021

GRI 102–7
1.0%
Nornickel’s share
in the national GDP
3.5%
Nornickel’s share in Russia’s
industrial output
12.1%
Nornickel’s share in Russia’s
metals production
3.3%
Nornickel’s share in Russia’s
exports

Assets

GRI 102–4 GRI 102–7

As at the end of 2021, Nornickel Group comprises over 80 companies, with its production assets located in two countries — Russia and Finland.*

The Company’s key assets are located in Russia and include:

Polar Division of MMC Norilsk Nickel

(“Polar Division”) which is engaged in ore mining and processing in the Talnakh Cluster located in the Norilsk Industrial District of the Krasnoyarsk Territory. It includes the Oktyabrskoye and Talnakhskoye copper-nickel deposits of rich, cupriferous, and disseminated ores.

Medvezhy Ruchey LLC

is engaged in ore mining and processing in the Norilsk Ore Cluster located in the Norilsk Industrial District of the Krasnoyarsk Territory.

Kola Mining and Metallurgical Company

(“Kola MMC”) which produces coppernickel sulphide disseminated ores containing nickel, copper, and other valuable components. This business unit is a leading industrial facility in the Murmansk Region producing copper and nickel cathodes, carbonyl nickel, electrolytic cobalt, and cobalt concentrate.

GRK Bystrinskoye LLC

(“GRK Bystrinskoye” or “Bystrinsky GOK”)which refines and processes ores from the Bystrinskoye Deposit located in the Trans-Baikal Territory. Bystrinsky GOK is one of the Company’s latest assets producing copper, iron ore, and gold concentrates.

In Finland, the Group operates Norilsk Nickel Harjavalta processing Nornickel’s Russian and third parties’ feedstock.

Nornickel has energy assets operating in the Norilsk Industrial District and ensuring the generation and supply of electricity and heat to both the Group’s production facilities and other local consumers. It also operates gas production and gas transportation assets, which ensure natural gas supplies, and a fuel facility, which is used to deliver light and dark petroleum products to the Far North, covering important commercial and social functions, as well as to export gas condensate to European consumers.

The Group also comprises ancillary and support assets such as Gipronickel Institute, logistics companies, and a network of representative and sales offices in China, Hong Kong, the USA, and Switzerland.

All of Nornickel’s assets and projects have a vertically integrated structure with unique mineral resource base.

Core companies and business units

Production
Polar Division
Medvezhy Ruchey
Kola MMC
GRK Bystrinskoye
Exploration
NN Technical Services
GRK Vostochnaya
GRK Severnaya
Research and development
Gipronickel Institute
Fuel and energy
Norilskgazprom
Norilsktransgaz
Norilsk-Taimyr Energy Company
Norilskenergo (MMC Norilsk Nickel’s branch)
Arctic-Energo
Taimyr Fuel Company
Transport and logistics
Polar Transport Division
Arkhangelsk Transport Division
Murmansk Transport Division
Krasnoyarsk Transport Division
Bystrinsky Transport Division
NordStar Airlines
Сбытовой комплекс
АО «НОРМЕТИМПЭКС»
Metal Trade Overseas AG
Norilsk Nickel Asia Ltd.
Norilsk Nickel USA, Inc.
Norilsk Nickel Metals Trading (Shanghai) Co., Ltd.
Yenisey River Shipping Company
Norilsk Airport
Krasnoyarsk River Port
Norilsk Avia
Nornickel–YRSС
Norilsk–TAVS
Lesosibirsk Port
Support functions
Pechengastroy
Kolabyt
Norilsk Production Support Complex
Norilsknickelremont
Polar Construction Company
Nornickel — Shared Services Centre
Distribution and sales
Normetimpex
Metal Trade Overseas AG
Norilsk Nickel Asia Ltd.
Norilsk Nickel USA, Inc.
Norilsk Nickel Metals Trading (Shanghai) Co., Ltd.
Foreign assets
Norilsk Nickel Harjavalta (Finland)
Head Office
MMC Norilsk Nickel’s Head Office

Production chain

GRI 306-1

Production chain