MISSION:
VALUES:
STRATEGY:
10-year strategic vision
Cars’ hybridization and electrification and global tightening of emissions standards are the two megatrends that anticipated to drive significantly higher the demand for the core Norilsk Nickel products through 2030.
In addition, owing to the technological breakthrough program the knowledge of our vast resource base has materially improved, which enabled a smooth transition to a longer-term planning:
A strategic ambition has been set for Taimyr operation, holding more than 2 billion tonnes of ore in mineral resources, to increase mined ore volumes by 75% to 30 million tonnes per annum;
- 2030 strategic ambitions for the annual production of core metals have been set as follows: 15-30% growth of nickel production to 250-280kt, copper — 20-40% growth to 520-560kt, and combined palladium and platinum growth of 30-95% to 160-205 t;
- Long-term strategic ambitions assume successful development of recently approved South Cluster mining project, realization of new brownfield projects at the core Talnakh deposit, further upgrades and debottlenecking of downstream assets, and phased development of Arctic Palladium JV, that has been confirmed as a Tier-1 asset, but pending the final investment decision and due corporate approvals.
Nornickel's core businesses are based in Russia and have a vertically integrated structure.
Three main production sites in Russia are:
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Polar Division of MMC Norilsk Nickel (“Polar Division”);
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Kola Mining and Metallurgical Company (“Kola MMC”);
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Bystrinsky Mining and Processing Plant (“Bystrinsky GOK”), which in 2018 started ramp-up towards the target parameters.
The Company’s Polar Division is located on the Taimyr Peninsula (Krasnoyarsk Territory) beyond the Arctic Circle. It is linked to other regions by inland waterways (the Yenisey River), marine transport (the Northern Sea Route) and air transport.
Kola MMC is located on the Kola Peninsula beyond the Arctic Circle. It is the leading industrial facility of the Murmansk Region and is completely integrated into the transport infrastructure of the Northwestern Federal District.
Bystrinsky GOK is located in the Gazimuro-Zavodsky District of the Trans-Baikal Territory and is linked to other regions by rail.
In South Africa, the Company owns 50% of Nkomati, a nickel mine developed jointly with African Rainbow Minerals.
MMC Norilsk Nickel runs a global network of representative and sales offices in Russia, China, the USA, and Switzerland.
- Hypronickel Research Institute LLC in Saint Petersburg, with two branches in Norilsk and Monchegorsk.
- Norilsk Process Technology, a technology research subsidiary in Australia
Since 2005, Nornickel has implemented and successfully operated an ISO 9001 certified quality management system integrated with an environmental management system. The certified quality management system provides a guarantee that the Company is able to produce needed products meeting applicable requirements and consumers’ desires, in the safest and most effective manner on a long-term basis.
In line with ISO 14001:2015, the Company confirms the EMS compliance with the standard by engaging Bureau Veritas Certification (BVC) to conduct surveillance audits once a year and recertification audits every three years. In October–November 2019, Nornickel successfully passed a surveillance audit of its CISM. BVC auditors confirmed CISM compliance with ISO 14001:2015 and ISO 9001:2015.
The Company’s securities are the most liquid instruments on domestic and foreign equity markets.
OJSC Norilsk Nickel MMC’s securities are traded:
- In Russia on MICEX (the Moscow Interbank Currency Exchange) and on the Russian Trading System (RTS) Stock Exchange
- Company ADRs are traded over the counter (OTC) in the US, and electronically in over-the-counter trading sections of the London, Frankfurt and Berlin stock exchanges.
Social and environmental responsibility are pillars of Norilsk Nickel MMC’s strategy of sustainable and efficient business development and the guiding principle in day-to-day operations.
Nornickel has carried out a global ecological program since 2013. The first stage was completed successfully in 2016 with the Nickel Plant’s shut down. The smelting of nickel concentrate was then moved to the NMP, the capacities of which were improved to 2.4 million tonnes. The Talnakh Enrichment Plant was also modernised, its production capacities improved by more than 35%, producing up to 10.2 million ores per year. This modernisation improved the metal content in the concentrate and reduced sulphur dioxide emissions.
In 2018 Nornickel launched the second stage - the Sulfur Project that targets the reduction of sulfur dioxide emissions. The project involves the construction of sulfurcapturing facilities at Nadezhda metallurgical plant, production of sulfuric acid with its further neutralization with limestone to produce gypsum as well as the upgrade of sulfurcapturing facilities at the Copper Plant. The project has been designed by a Russian engineering firm and is based on the domestic equipment and technologies. The total capital expenditures budgeted for the Sulfur Project are estimated at approximately USD 2.5 billion, with the project completion scheduled by 2023.
Norilsk Nickel's comprehensive environmental programme includes strategic goals:- reduce SO2 emissions on the Kola site by 85%;
- reduce SO2 emissions at Polar Division by 90% by 2025 and by 95% by 2030.
