MMC Norilsk Nickel enhances cargo transportation efficiency

June 20, 2012, Dudinka — OJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel (hereinafter MMC Norilsk Nickel or the Company) announces that the Company’s cargo transportation efficiency has improved. Fleet modernization and further optimization of container transportation with respect to cargos shipped from Dudinka made it possible to improve performance specifications of the vessels and reduce handling time during high-water period.

Since 2008 MMC Norilsk Nickel has been using own vessels to ship metals from Dudinka port during а high-water period on Yenisei River. Before its modernization and equipment with shipboard cranes, loading of diesel motor ship Norilsk Nickel took 16.5 days as it was effected by crane boat in the inner harbor of Dudinka port.

During 2009-2011 navigation period, with diesel motor ship Nadezhda equipped with shipboard cranes joining the fleet, the Company sent two vessels already to Dudinka for shipping operations in the harbor during high-water period. These loading operations showed that handling time for a vessel with board cranes totaled 6-7 days; vessel handling by a boat crane took 11-17 days.

To improve the operational efficiency of the fleet, at the end of 2011 diesel motor ship Norilsk Nickel undergone modernization at the German shipyards, in particular, the shipboard was equipped with two 45 ton cranes, and the vessel’s capacity was expanded.

Thus, in 2012, two vessels equipped with board cranes and capable of effecting loading and unloading operations on their own were sent for shipping operations in the harbor during high-water period on the Yenisei River. On June 10, 2012 at 20.00 (Moscow time) diesel motor ship Nadezhda and modernized diesel motor ship Norilsk Nickel, avoiding the ice drifting area in the mouth of the Yenisei River, entered open waters and in the morning of June, 11 arrived in the harbour of Dudinka port for matte and metal products shipment.

Polar Transportation Division of the Company (PTD) promptly ensured the support required and Nadezhda and Norilsk Nickel diesel motor ships handling began in the morning of June, 11. On June, 17 loading of diesel motor ships Norilsk Nickel and Nadezhda was completed.

As a result of simultaneous processing of two vessels by own shipboard cranes the lay time saved totaled 5 days as compared to 2011 results, in monetary terms amounting to approx. RUB 4.2 mln.

On June, 22 diesel motor ships Norilsk Nickel and Nadezhda will arrive at the debarkation ports of Murmansk and Arkhangelsk, respectively.

On June, 18 the Company’s diesel motor ship Monchegorsk and Zapolyarny arrived in Dudinka for unloading and loading of cargos at the port berths.

PJSC “MMC “NORILSK NICKEL” is a diversified mining and metallurgical company, the world’s largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of “NORILSK NICKEL” GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC “MMC “NORILSK NICKEL” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC “MMC “NORILSK NICKEL” ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys trade over the counter in the US and on the London and Berlin Stock Exchanges.