Norilsk Nickel
 |
|
| Public () | |
| Traded as |
MCX: GMKN : |
| Industry | Metals, Mining |
| Founded | 1993 |
| Headquarters | Moscow, Russia |
|
Key people
|
Vladimir Potanin (President - Chairman of the Management Board) |
| Products |
Nickel Palladium Copper Platinum Gold Cobalt Selenium Tellurium Rhodium Silver Iridium Ruthenium Coal |
| Revenue |
 US$11.870 billion (2014)
|
|
US$2.00 billion (2014)
|
|
| Owner |
Vladimir Potanin (28%) Oleg Deripaska (25.1%) Roman Abramovich (7.3%) |
|
Number of employees
|
96,193 (2014) |
| Website | www |
MMC Norilsk Nickel (Russian: ГМК «Норильский Никель») is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River, in northern Russia. It also has holdings near the Kola Peninsula at Nikel, Zapolyarny, and Monchegorsk; in western Finland at Harjavalta; in southern Africa in Botswana and South Africa; and in western Australia. MMC stands for "Mining and Metallurgical Company".
Norilsk Nickel is headquartered in Moscow and is the world's leading producer of nickel and palladium. It is ranked among the top ten copper producers.
The company is listed on MICEX-RTS. The key shareholders are Vladimir Potanin's Interros and Oleg Deripaska's Rusal: each reportedly owns over 25% of shares. In December 2010, Norilsk offered to buy out Rusal's share for US$12 billion, but the offer was declined.
Mining began in the Norilsk area in the 1920s. The Soviet government created the "Norilsk Combine" in 1935 and passed control to the NKVD. In 1943 Norilsk produced 4,000 tons of refined nickel and in 1945 hit the target figure of 10,000 tons. Mining and metal production continued first with Gulag forced labour, later with much volunteer labour owing to the comparatively good wages offered.
In 1993 after the fall of the Soviet Union a was created, RAO Norilsk Nickel. Two years afterwards control over the deeply indebted company, which was bleeding cash at a rate of about $2m a day amid falling nickel prices, was given to a private company Interros. By the time the privatization was completed in 1997, the company became profitable and the workers were paid. Nowadays average pay is over $1,000 per month and workers enjoy two to three months of vacations; nevertheless, working and living conditions in Norilsk remain harsh.
...
Wikipedia