Nornickel Announces Consolidated Production Results for FY2021

Press releases
24 January 2022
Moscow, January 24, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the fourth quarter and the full year of 2021 and reiterates its production outlook for the full year 2022.

Senior Vice-President, Сhief Operating Officer, Sergey Stepanov commented on the production results:

“In 2021, the Company fully met its revised production guidance for nickel and copper and outperformed its

PGM
 targets.

Last year, we had to deal with several unexpected developments in Norilsk Division. At first, the Norilsk Concentrator had to be temporarily suspended due to an accident, and then the natural groundwater inflow led to a temporary halt of Oktyabrsky and Taimyrsky underground mines. By now, both Oktyabrsky and Taimyrsky mines as well as the Norilsk Concentrator have recovered and are operating at their full capacity.

The Company continued to deliver on its ESG strategy aiming to reduce its environmental impact in the regions of operations. In 2021, the metallurgical shop of 

in Monchegorsk was shut down on March 20th, since then all copper
concentrate
that used to be processed at this site has been shipped for further processing to the Norilsk division. As a result and taking into account additional impact from the shutdown of 
smelting
facilities located in the town of Nickel in December 2020
, sulphur dioxide emissions at the cross-border area with Norway have been completely eliminated, while overall sulphur dioxide emissions at Kola MMC were reduced by 85% in 2021 as compared to the base year of 2015. Overall, we estimate that the Company’s total sulphur dioxide emissions reduced by over 10% y-o-y in 2021.

We reiterate our production guidance from own Russian feed for FY2022 as announced at the Capital Markets Day in November 2021

Full name and position of person making the announcement — Vladimir Zhukov, Vice — president, Investor Relations.

ABOUT THE COMPANY
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.

The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland and South Africa.

MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.