Business model

Contribution to the UN SDGs

A 20–25% growth in the output of the Company’s core metals by 2030

Reduced environmental footprint across regions of operation

Deeper integration into emerging value chains and diversification of production capacities

Resources

Mineral resource base
1,267 Mt
Proven and probable reserves copper‑nickel sulphide ores
283 Mt
Proven and probable (gold-iron-copper ores)
Mining and metallurgical assets
9 mines
4 concentration facilities
4 metallurgical plants
Workforce
>80 thousand
employees
Auxiliary assets
  • Transport enterprises
  • Energy enterprises
  • Global sales network
  • R&D: Gipronickel Institute

Performance highlights

Mining

Norilsk Division
19.2 Mt
of ore
Ni 1.14%
Cu 1.98%
PGMs 6.48 g/t
Kola Division
7.2 Mt
of ore
Ni 0.52%
Cu 0.22%
PGMs 0.08 g/t
Trans‑Baikal Division
15.0 Mt
of ore
Cu 0.63%
Energy Division
2,720 Mcm
of natural gas
85 kt
of gas condensate
Group’s metals production
Ni
209 kt
Cu
425 kt
Pd
2,692 koz
Pt
664 koz

Financial highlights

USD  6.9  bn
EBITDA
USD  2.9  bn
Net income
48%
EBITDA margin
1.2 x
Net debt/EBITDA
Revenue by sales market, %

Environment and climate

8.6 Mt
GHG emissions from operations (Scope 1 + 2)
6.4  Mt
GHG emissions (Scope 3)
99%
of the Company’s industrial waste is non‑hazardous
55%
Share of renewables
83%
Share of reused and recycled water

Value for stakeholders

Shareholders
USD  1,475 mln
Total dividends paid in 2023
Employees
USD 193  mln
Spending on social programmes for employees
>USD 2,000
Average monthly pay
USD 15 mln
Spending on pension plans
Suppliers
95%
Share of Russian companies in supplies to Nornickel
Customers
The Company’s products are supplied to
28 countries worldwide
Government
RUB  281  bn /
USD 3.3 bn
Tax and other payments to budgets