Norilsk nickel operation Report

Asset Report 30 May 2025

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The US, EU, and other countries imposed stringent restrictive measures against Russian entities, leading to limitations on business relationships and financial transactions. This has impacted Norilsk Nickel's access to international markets and financial systems. The company had to reconfigure its distribution channels, resulting in extended sales logistics chains and a significant increase in finished goods inventories. However, by the end of 2023, Norilsk Nickel had reduced the stocks accumulated in 2022 for most metals. Many foreign suppliers withdrew from the Russian market or suspended deliveries, forcing Norilsk Nickel to reconfigure its supply chains and seek alternative suppliers. This has led to rescheduling of investment projects and capital commitments. The Russian government introduced temporary export duties on some base metals produced by Norilsk Nickel, first from August to December 2021, and then from October 2023 to December 2024.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Summary
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<li class="list__item-toggle font-semibold">
        Key issues
    </li>

<li class="list__item-toggle font-semibold">
        Emissions
    </li>

<li class="list__item-toggle font-semibold">
        Mining
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        Process
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        Cashflow
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         <li class="list__item push-quarter--bottom">Norilsk Emission Intensity Quartile Ranking - total global production - tonnes Ni equivalent</li><li class="list__item push-quarter--bottom"></li><li class="list__item push-quarter--bottom"></li>
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >NskNi.xls</p>
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<p class="font-regular" >Norilsk nickel operation</p>
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    <span>PDF</span>
    <span>1.95 MB</span>
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