Company Profile For OAO "Gorno-metallurgicheskaia kompaniia "Noril'skii nikel' "

Overview

Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel), is a producer of nickel and palladium and one of the 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 is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Norilsk Nickel’s production facilities are located on four continents and in six countries: Russia, Australia, Botswana, Finland, the United States of America and South Africa. 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).

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Noril'skiy nikel' Gorno-metallurgicheskaya kompaniya OAO's total revenue decreased 51% to $4.08B. Net income for the period decreased 84% to $419M. Revenue reflects decreased sales of mining and Metallurgy business segment as well as unfavorable market conditions. Net income suffered from lower gross and operating profit margins mainly due to lower income from investments.