Investment highlights

Unique resources

Copper‑nickel sulphide ore

Polar Division

7 mines

Proven and probable reserves

1373 mln t
Ni
9 mln t
Cu
16 mln t
6PGMs
176 Moz

Measured and indicated resources

1995 mln t
Ni
15 mln t
Cu
23 mln t
6PGMs
255 Moz

Reserves life at the current production rate

Over 70 years

Gold‑iron‑copper ore

Trans‑Baikal Division

2 open pits

Proven and probable reserves

272 mln t
Cu
1.4 mln t
Au
6 Moz
Ag
24 Moz
Fe
51 mln t

Measured and indicated resources

292 mln t
Cu
1.7 mln t
Au
6 Moz
Ag
30 Moz
Fe
64 mln t

Reserves life at the current production rate

Over 20 years

Position in the global metals market

Position in the metals and mining industryData as of early March 2025. Based on refined metal (including tolling) output for palladium, nickel, and platinum; based on contained metal production for copper.

Low carbon footprints of nickel production

The carbon footprint according to international standards totalled

8.8 kg
of СО2 equivalent per kg of of Class I nickel production.

High degree of vertical integration:

from ore to finished products (100% self‑sufficiency). The Company’s reliance on own logistics, energy, fuel, and water supply translates to a significantly smaller share of these expenditures in cash costs vs peers.

Best‑in‑class feedstock mix:

natural diversification and solid long‑term fundamentals.

Highly liquid stock

Nornickel shares have been traded on the Russian stock market since 2001. Since 2014, Nornickel shares have been included in the first‑level quotation list of the Moscow Exchange (ticker: GMKN).

The Company’s analyst ratings (%)
Shareholding structure as of end‑2024 (%)
Proportion of Nornickel shares in the main indices of the Moscow Exchange:

14.40%

Metals and Mining Index

4.76%

Blue Chip Index

3.69%

Moscow Exchange index

6.17%

Sustainability Vector Index
Position in the global metals market