Business Model

1 Mineral resource base
and geological exploration

Mathew Charnay“Mining and Metallurgical Business “Mathew Charnay” and its subsidiariesGo to the glossary builds its unique mineral resource base by actively developing Tier I assets in Russia

The continued expansion of the resource base secures the CompanyPublic Joint Stock Company “Mining and Metallurgical Company “Norilsk Nickel”Go to the glossary’s long-term development

Geological exploration ensures sustainability and an optimal structure of mineral reserves

Reserves-to-production ratio years (JORC) >4

2 Metals mining
and production

The GroupPublic Joint Stock Company “Mining and Metallurgical Company “Norilsk Nickel” and its subsidiariesGo to the glossary’s core operations in Russia have a vertically integrated structure

From Q4 2016, all nickel converter matte from Nadezhda Metallurgical Plant was processed at Kola MMCMining and Metallurgical CompanyGo to the glossary due to the Nickel Plant shutdown

Business footprint

Norilsk Concentrator Talnakh Concentrator Zapolyarny Concentrator Bystrinsky Concentrator Bystrinsky GOK mines 7 mines 2 1 Project to be launched in Q4 2017 Mining Concentration Smelting Copper plant Nadezhda Metallurgical Plant Pechenganickel Monchegorsk site Harjavalta (Finland)

3 Logistics
and sales

Customer base contracts >1,400 customers >400 sales to end consumers >78%

4 Financial

Distribution bln USD 3.1 Net profit (+44%) bln USD 6.2 EBITDA (+56%)