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 - 21.4% and Palladium (2) - 44.8%
  • Top 4 producer of Platinum(2) - 10.7%
  • One of the largest Copper producers - 2.7%

    (1)  Data for 2008

    (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

    448,249

    5,796

    8,746

    61,251

    16,057

    80,911

    Measured and indicated mineral resources

    1,910,531

    10,625

    16,636

    139,790

    40,127

    188,285


    Notes:

    (1)  The data on mineral resources and ore reserves as at 31 December 2007 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
    2009 2008 2007 2006 2005 2004 2003 2002
    Nickel ('000 tonnes)

    283

     300

     295

     244

    243

    243

    239

    218

    Copper ('000 tonnes)

    402

     419

     423

     425

    452

    447

    451

    450

    Palladium ('000 ounces) (2)

    2,805

     2,821

     3,113

     3,164

    3,133

    -

    -

    -

    Platinum ('000 ounces) (2)

    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 (1) (US dollars million)

      2008 2007 2006 2005 2004 2003
                 
    Metal sales revenue

    11 799

    15 909

    11 550

    7 169

    6 591

    5 196

    Gross profit on metal sales

    6 354

     11 237

    8 420

    4 175

    3 653

    2 326

    Gross profit margin, %

    54

                  71

    73

    58

    55

    45

    Profit for the year from continuing operations

    (555)

             5 276

    4 972

    2 278

    1 865

    845

    Profit/revenue, %

    (5)

    33

    43

    32

    28

    16

    Earnings per share (US Dollars per share)

    (2,4)

               29,2

    26,5

    11,3

    8,9

    3,5

    Dividends per share (2) (US Dollars per share)

    - 

               9,3

    6,7

    3,5

    2,5

    1,4

     

     

     

     

     

     

     

    Weighted average number of shares

    186,1

     182,4

    188,8

    201,2

    210,6

    210,6

     

     

     

     

     

     

     

    Cash and cash equivalents

    1 995

             4 008

    2 178

    922

    1 346

    954

    Investments in securities and other financial assets

    1 839

           7 455

    2 719

    824

    1 437

    297

    Property, plant and equipment

    10 737

         14 981

    8 075

    7 145

    7 852

    7 218

    Total assets

    20 823

         35 696

    16 279

    14 730

    13 632

    11 253

     

     

     

     

     

     

     

    Short-term borrowings

    885

             3 973

    158

    357

    552

    265

    Long-term borrowings

    5 609

           4 103

    632

    635

    657

    169

    Total liabilities

    9 038

         13 875

    3 143

    3 333

    2 989

    2 706

     

     

     

     

     

     

     

    Share capital and reserves

    11 785

         21 821

    13 136

    11 397

    10 643

    8 547


    Notes:

    (1)  The consolidated annual financial statements of the Group have been prepared in accordance with International Financial Reporting Standards ("IFRS"). International Financial Reporting Standards include standards and interpretations approved by the International Accounting Standards Board ("IASB"), including International Accounting Standards ("IAS") and interpretations issued by the International Financial Reporting Interpretations Committee ("IFRIC"). The financial statements of the Group are prepared excluding the gold mining assets of Polus Group to present the financials more illustrative.

    (2)  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