Fact Sheet

MMC Norilsk Nickel ("Group"), the largest mining company in Russia, produces four main metals - nickel, copper, palladium, and platinum and a variety of by-products, such as cobalt, rhodium, silver, gold, tellurium, selenium, iridium, and ruthenium. The Group is involved in prospecting, exploration, extraction, refining, and metallurgical processing of minerals and production, marketing, and sale of base and precious metals.

A global leader in base and precious metals production (1):

  • World's leading producer of Nickel - 20% and Palladium (2) - 45%
  • Top 4 producer of Platinum(2) - 11%
  • One of the largest Copper producers - 2%

Notes:
(1)  Data for 2010
(2)  Excluding Stillwater Mining production

Unique mineral resources base with tremendous growth potential (1):

  Ore volume ('000 tonnes) Metal volume
Ni ('000 tonnes) Cu ('000 tonnes) Pd ('000 ounces) Pt ('000 ounces) 6 PGM ('000 ounces)
Proved and provable ore reserves

473,149

5,730

8,712

55,018

13,439

71,778

Measured and indicated mineral resources

1,868,738

10,436

16,331

135,730

38,804

182,588


Notes:
(1)  The data on mineral resources and ore reserves as at 31 December 2009 is based on the results of the independent audit performed by Micon International Company Limited. The audit was conducted in accordance with the principles of the Joint Ore Reserves Committee (“JORC”) Code of the Australasian Institute of Mining and Metallurgy.

Stable production results:

Metals produced by MMC Norilsk Nickel (1) Production volume
2010 2009 2008 2007 2006 2005 2004 2003 2002
Nickel ('000 tonnes)

297

283

 300

 295

 244

243

243

239

218

Copper ('000 tonnes)

389

402

 419

 423

 425

452

447

451

450

Palladium ('000 ounces) (2)

2,861

2,805

 2,821

 3,113

 3,164

3,133

-

-

-

Platinum ('000 ounces) (2)

693

661

 659

 740

 752

751

-

-

-


Notes:
(1)  Excluding Stillwater Mining Company production results.
(2)  Until 2005 the information on the production of PGM by Norilsk Nickel Group in Russia was subject to state secrecy legislation. As a result of changes to the state secrecy laws made in 2005, the Group is now allowed to disclose current information on PGM.

Consolidated IFRS financial highlights of the Group (US dollars million)

  2010 2009 2008 2007 2006 2005 2004 2003
Metal sales revenue

12,126

8,075

11,799

15,909

11,550

7,169

6,591

5,196

Gross profit on metal sales

7,903

4,409

6,354

11,237

8,420

4,175

3,653

2,326

Gross profit margin, %

62

51

54

71

73

58

55

45

Profit for the year from continuing operations

5,234

2,504

(555)

5,276

4,972

2,278

1,865

845

Profit/revenue, %

41

29

(5)

33

43

32

28

16

Earnings per share (US Dollars per share)

18.8

14.9

(2.4)

29.2

26.5

11.3

8.9

3.5

Dividends per share (1) (US Dollars per share)

6.4

6.8

-

9.3

6.7

3.5

2.5

1.4

Weighted average number of shares

174.3

174.6

186.1

182.4

188.8

201.2

210.6

210.6

Cash and cash equivalents

5,405

3,632

1,995

4,008

2,178

922

1,346

954

Investments in securities and other financial assets

1 518

2,016

1,839

7,455

2,719

824

1,437

297

Property, plant and equipment

9,153

11,017

10,737

14,981

8,075

7,145

7,852

7,218

Total assets

23,909

22,76

20,823

35,696

16,279

14,730

13,632

11,253

Short-term borrowings

1,236

2,972

885

3,973

158

357

552

265

Long-term borrowings

1,561

2,345

5,609

4,103

632

635

657

169

Total liabilities

5,935

8,005

9,038

13,875

3,143

3,333

2,989

2,706

Share capital and reserves

17,974

14,755

11,785

21,821

13,136

11,397

10,643

8,547


Notes:
(1)  At the rate of the Central bank of the Russian Federation at the date of announcement of the Board of Directors' recommendations to the General Meeting of the Company's Shareholders.





Key financial figures