Business Model

1 Mineral resource base
and geological exploration

Ore reserves (proved and probable) mln t 828 Ni Nickel mln t PGM PGM mln t Cu Copper mln t Taimyr Peninsula Kola Peninsula Trans-Baikal Territory 7 , 1 3 , 9 1 2 , 1

NornickelOpen Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” 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) >30

2 Metals mining
and production