Profile: GMK Noril'skiy nikel' OAO (NILSY.PK)
Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel), incorporated on July 4, 1997, is engaged in the exploration, extraction, refining and sale of base and precious metals. The Company is a producer of nickel and palladium and a producer of platinum and copper. It also produces various by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. The Company’s production facilities are located in Taimyr and Kola peninsulas of the Russian Federation, Australia, Botswana, Finland, South African Republic and the United States of America. The Company operates in two segments: mining and metallurgy, and energy and utilities. On May 4, 2009, the Company sold its share in OJSC Territorial Generation Company. On February 20, 2009, OGK-3, a subsidiary of the Company, sold of its treasury shares.
Mining and metallurgy segment includes mining and metallurgy operations located in Russia and abroad, except for Stillwater Mining Company operations. Energy and utilities segment includes OGK 3 and other energy and utilities operations located in Russia. Other operations of the Company include transport and logistics services, research activities, repair and maintenance services and Stillwater Mining Company operations. The main Russian production units are vertically integrated and include the Polar Division (the Taimyr Peninsula); the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula). The Polar Division is located above the Polar Circle on the Taimyr Peninsula in the Krasnoyarsky Region. Its entities are connected to other regions of the country, via the Yenisei River and the Northern Sea Route, as well as by air. Kola MMC is located on the Kola Peninsula, which is the industrial producer in the Murmansk region, and is integrated into the transport infrastructure of the Northwest Federal District of the Russian Federation.
In Australia, the Company owns Norilsk Nickel Cawse, a laterite nickel ore production and leaching facility; Black Swan, Lake Johnston and Waterloo, all sulfide nickel producers; Honeymoon Well, a major sulfide nickel ore exploration project. In Botswana, Norilsk Nickel holds an 85% interest in Tati Nickel Mining Company, a sulfide nickel producer. The Company owns Norilsk Nickel Harjavalta, the only nickel refining plant in Finland. In South Africa, the Company holds a 50% interest in the Nkomati nickel mine, a joint venture with African Rainbow Minerals (ARM). The Company also includes the Gipronickel Institute, a research and development facility located in Saint Petersburg, with branches in the cities of Norilsk and Monchegorsk; Norilsk Process Technology, a research and development facility in Australia. The Company has its own global network of representative and sales offices in Russia, the United Kingdom, China, United States of America and Switzerland.
GMK Noril'skiy nikel' OAO
Bolshaya Tatarskaya st., 11