Business model

NKOMATISouth AfricaGreenfield projectHONEYMOON WELLAustraliaof Nkomati, which operatesa nickel mine of the same nameIn 2019, the Group and its operatingpartner, African Rainbow Minerals,reached an agreement to scale downproduction at Nkomati Nickel Mineduring 2020. As part of this process,the partners will elaborate in duecourse a plan contemplating thecessation of the mining operationsand the placing of the mine in careand maintenance.Nornickel holds a licence to developthe Honeymoon Well project, whichincludes deposits of disseminatedDisseminated ores — ores containing 5% to 30% sulphides, with the following metal grades: 0.2–1.5% for nickel, 0.3–2% for copper, and 2–10 g/t for platinum group metals.nickel sulphideSulphides — compounds of metals and sulphur. oresOre — natural minerals containing metals or their compounds in economically valuable amounts and forms..The asset is slated for sale.Nornickel’s new copper,gold and iron concentrateConcentrate — a product of ore concentration with a high grade of the extracted mineral, which gives its name to the concentrate (copper, nickel, etc.).project launched in 2019Share in total productionCu9%GRK BYSTRINSKOYEZabaykalsky RegionKOLA MMCKola PeninsulaShare in total productionNiCu62%17%73%PGMsNORILSK NICKEL HARJAVALTAFinlandShare in total productionNiCuPGMs2%3%27%POLAR DIVISION ANDMEDVEZHY RUCHEYTaimyr PeninsulaShare in total productionCu36%71%PGMsGLOBAL ASSET MAPThe Group owns
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WHERE WE OPERATE

Sales

In 2019, Nornickel maintained its long-standing reputation as a reliable supplier of high-quality products, shipping products to 37 countries and products registered for delivery against contracts at the London Metal Exchange and the Shanghai Futures Exchange.

Sales network:

  • Metal Trade

    Overseas A.G.

    Switzerland,

    Zug

  • Norilsk Nickel

    Asia Ltd.

    China,

    Hong Kong

  • Norilsk Nickel

    Metals Trading (Shanghai) Co., Ltd.

    China,

    Shanghai

  • Norilsk Nickel

    USA

    USA,

    Pittsburgh

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Honeymoon well Australia. Nornickel holds a licence to develop the project. InternationalassetsProven and probablereserves8mln tNkomati South Africa. Nornickel owns 50% of Nkomati, which operates a nickel mine of the same name. OTHER MININGASSETS133651031819Proven and probablereserves316 According to the Russian classification (А + В + С1 + С2) mln tGRK BystrinskoyeZabaykalsky Region76182Proven and probablereserves85mln tKola MMCKola Peninsula2,2711,2692465889078Proven and probablereservesmln tPolar Divisionand Medvezhy RucheyTaimyr Peninsula8,5571,1092,4523,843523630563651047576OTHERNON-METALLURGICALASSETSEBITDA7,923USD mlnNET PROFITFOR THE YEAR5,966USD mlnnickelNiCuPdPtpalladiumplatinumcopperOthermetalsTotalREVENUE FROM METAL SALES, USD MLNWHAT WE DOEnergy assetsNornickel owns an integrated network of energy assets, comprising four gas fields, three thermal power plants, and two hydropower plants as well as gas pipelines and power lines, all located within the Norilsk Industrial DistrictNorilsk NickelHarjavaltaFinland1,1458801061264106833,3882,8775,043628915REVENUE12,851USD mln673
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Global Palladium Fund L.P.

Financial platform to engage major holders of existing palladium stockpiles and boost industrial demand for palladium

GROUP REVENUE FROM METAL SALES TO END USERS

VALUE CREATION FOR STAKEHOLDERS

Shareholder returns

SHAREHOLDER RETURNS

Dividends paid in 2019
4.1 USD bn
Dividend yield in 2019
14.9%
Enviromental perfomance

ENVIRONMENTAL PERFORMANCE

GHG emissions (Scope 1 + 2)
9.9 mln t
Percentage of reused and recycled water
87%
Share of renewables
45%
Percentage of non-hazardous waste
96%

FOR THE REPORTING 2019 YEAR

NICKELREFINERYFrom 3d partiesfeedCrushedconverter mattefrom KolaMMCPRODUCTSREFININGCONCENTRATIONNimattefrom KolaMMCNORILSK NICKELHARJAVALTASaleableconcentrateCu, Fe:saleableconcentratesAu:concentrateto be processedat Nornickel’sfacilitiesSMELTINGSMELTING SHOPREFINING SHOP(TANKHOUSES 1 AND 2)COPPER PLANTCOPPER PLANT’SSMELTING SHOPCopper smelting atCOPPER PLANTNickel smelting atNADEZHDAMETALLURGICALPLANTSMELTING SHOPBYSTRINSKY GOKCONCENTRATORCONCENTRATORNORILSKCONCENTRATORTALNAKHCONCENTRATORMININGMinesNi0.3%0.1%Cu6.7mln t of oreMinesNi0.55%0.24%Cu0.1 g/tPGMsSevernyKaula-Kotselvaaramln t of ore7.9Open pitsCu0.6%Au16.1%Fe0.9 g/tVerkhneildikanskyYuzhno-Rodstvenny (planned)Bystrinsky-2mln t of ore10.5Medny Chainik (planned)MinesNi1.32%2.24%Cu6.9 g/tPGMsTaimyrskyOktyabrskyKomsomolskySkalistyZapolyarnyMayakmln t of ore18.4Converter matteBlistercopperSludgePowder product containing precious metals settling during electrolysis of copper and other metals.from coppertankhouseLow-gradeoresNiconcen-trateCuconcen-trateSPC KURCuconcen-trateNi-Poconcen-trateIntermediateproductsBriquettesofCu-NiconcentrateDisseminatedoresGold-iron-copper oreDisseminatedoresCuprous anddisseminatedoresNatural minerals containing metals or their compounds in economically valuable amounts and forms.Rich andcuprousoresPOLAR DIVISIONAND MEDVEZHY RUCHEYKOLA MMCGRK BYSTRINKOYENKOMATICu:cathodesSulphur:technicalSe:technicalTe:billotsAcid:sulphuric(for Company’s needs)Precious metal concentrates:Ni:cathodes, carbonyl,intermediate productsCu:cathodesintermediate productsCo:electrolytic, saleableconcentratePrecious metalConcentratesAcid:sulphuricNi:cathodesPure metal (nickel or copper) obtained as a result of electrolytic refining of anodes., briquettes,salts, solutionsCo:sulphate,solutionsCu:saleable cakeSolid residue from filtering pulp during leaching of ores, concentrates or metallurgical intermediates, and purification of processing solutions.Convertermatte