the exploration, mining, and processing of minerals
the production and sale of non-ferrous and precious metals
28 countries consume the company's products. The Group products are purchased by more than 400 partner companies.
Nornickel Group’s core businesses are vertically-integrated metals and mining operations. Since 2020, these businesses have been grouped into divisions, enabling accelerated decision-making and improved accountability of production site management.
The Polar Division and Bear Creek are located on the Taimyr Peninsula — Nornickel’s key resource base.
The Norilsk Division comprises a full production cycle: from ore mining and
Finland-based Norilsk Nickel Harjavalta processes the Company’s Russian feedstock and nickel-bearing raw materials sourced from third-party suppliers.
GRK Bystrinskoye is a mining and processing plant located in a remote area of the Gazimuro-Zavodsky District, the Zabaykalsky Region.
In 2020, the plant reached its design capacity. It is one of the largest greenfield projects in the industry.
Along with production enterprises, the Group operates a captive sales network, fuel and energy assets, transport assets, a range of R&D facilities, as well as a unique Arctic cargo fleet.
Nornickel’s business model is attractive thanks to a rich resource base with a high content of all key metals in the ore, and low cash cost vs peers.
The company’s securities are among the most liquid instruments on both the Russian stock market and abroad. Norilsk Nickel’s shares have been traded on the Russian stock market since 2001. They are included in the first-level quotation list of the Moscow Exchange and are also listed on the St. Petersburg Exchange.
In 2023, Nornikel issued a five-year exchange bond for 60 billion rubles with a floating interest rate tied to RUONIA.
In 2023, the company paid 171.6 billion rubles to capital providers in the form of interest and dividends.
In 2021, Nornickel presented its sustainability strategy to 2030. The Company dramatically reviewed its approaches to environmental risk management, water stewardship, biodiversity restoration, and climate change, with clear targets set for each of these areas.
The holistic strategy aims to expand the environmental agenda and set new targets for greenhouse gas emissions:
One of the key strategic goals currently being implemented is the “Sulfur Program 2.0”, which aims to reduce sulfur dioxide emissions by a factor of 10 by 2025 in Norilsk. The implementation of the program at Kola MMC was completed in 2021, resulting in a 90% reduction in SO2 emissions in the Kola division compared to 2015 levels.
Nornickel is guided by its social mission and adheres to the principles of corporate social responsibility in building effective relationships with society as a whole, with local communities in the regions of operation, and with Company employees.
The company is one of the most responsible employers in the country. From 2018 to 2023, the average employee salary increased by 62%, significantly outpacing inflation during this period, and exceeded 184,000 rubles, which is 2.5 times higher than the national average salary.
The voluntary health insurance (VHI) program covers 82,500 Nornikel employees. The company offers a variety of employee support programs, as well as a housing program, through which 6,118 apartments have been provided to company employees.
By the end of 2023, the company entered the following employer ratings:
The company’s social responsibility is also reflected in initiatives aimed at the sustainable development of the regions where it operates.
For more than two decades, Nornikel has closely collaborated with regional authorities. Cooperation agreements have been signed with the Krasnoyarsk Territory, Norilsk, as well as with the Association of Kola Saami and the Association of Indigenous Peoples of Taimyr.
The company contributes to the development of regional infrastructure, improves the living standards of local communities, and contributes to the economic development of the regions through tax and other payments to budgets at various levels, amounting to 281 billion rubles in 2023.
Nornikel is a partner of the Russian Olympic Committee, the Russian Futsal Association, and the national project “Futsal to Schools — Polar Region”, as well as the Russian Ice Hockey Federation, the Russian Curling Federation, the Night Hockey League, the Hockey Legends League, and the international Arctic Curling Cup tournament. The company owns the professional basketball club CSKA and the futsal club Norilsk Nickel, and in 2023, it founded the Norilsk Hockey Club — the northernmost professional hockey club in the world, which reached the playoffs of the VHL Championship in the 2023/2024 season.