Norilsk Nickel: Difference between revisions
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Revision as of 10:33, 28 September 2006
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| Company type | Public |
|---|---|
| Industry | Mining Metallurgy |
| Founded | June 30, 1993 |
| Headquarters |  Moscow |
Key people | Andrey A. Klishas Chairman of the Board of Directors Mikhail D. Prokhorov, General Director, President and Chairman of the Management Board Igor Anatolievich Komarov, Deputy General Director |
| Products | Nickel Palladium Copper Platinum Gold Cobalt Selenium Tellurium Rhodium Silver Iridium Ruthenium Coal |
| Revenue | ~ US$7 bn (2005) |
7,581,000,000 United States dollar (2022)  | |
| 5,854,000,000 United States dollar (2022) | |
| Total assets | 25,795,000,000 United States dollar (2022) |
Number of employees | 73,700 (2019) |
| Website | http://www.nornik.ru/en/ |
MMC Norilsk Nickel is the principal nickel and palladium mining operator in the Norilsk–Talnakh area, in Russia. Norilsk is headquartered in Moscow and is also active in gold, platinum, copper and cobalt. The company is the world's leading producer of nickel and palladium and is Russia's leading gold producer. It is ranked among the top four world platinum producers, in association with subsidiary Stillwater Mining Company of Denver, Colorado. It is ranked among the top ten copper producers.
The company is listed on NASDAQ and the RTS Stock Exchange. According to the company's English-language website its activity accounts for up to 1.5% of Russia's current gross domestic product. MMC stands for "Mining and Metallurgical Company".
History
Mining began in the Norlisk area in the 1920s. The government of the USSR created the "Norlisk Combine" in 1935 and passed control to the NKVD at that time. Mining and metal production continued, and in 1993 a joint-stock company was created: RAO Norilsk Nickel. In 2000 - 2001 the company restructured, along the lines of big state-owned companies Yukos, Surgutneftegaz and Sibneft.
Production divisions
The company has three main divisions:
- The Polar Division of MMC Norilsk Nickel and ancillary activities, located in the Taimyr Peninsula
- Kola MMC, and ancillary activities, located in the Kola Peninsula (incorporating the Pechenganickel and Severonickel Combines)
- Polyus (acquired in November of 2002) located near Severo-Eniseysk in the Krasnoyarsk Region
Competition
Inco, WMC Resources and Anglo Platinum are important competitors to Norlisk in the production of nickel and of palladium.
VSMPO Avisma Corporation and Almazjuvelirexport are two Russian competitors to the company.
Related organizations
Gipronickel Institute, in St Petersburg performs the design and construction of Norilsk's facilities. Gipronickel does research in every field of metallurgy, including extraction, patenting, design and more.
Stillwater Mining Company in Denver, USA is over 50% owned by Norilsk. Stillwater operates a platinum group metals (PGM) facility in Stillwater, Montana in the USA.
Polyus Gold Mining Company is 100% owned by Norilsk and is Russia's number one gold mining company.
Interros Holding Company, based in Moscow, owns part of Norilsk.
In partnership with Argosy Minerals of Australia, Norilsk owns and operates Nakety/Bogota, a nickel mine on the island of New Caledonia in the South Pacific.