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MMC Norilsk Nickel (MNOD)

25-Sep-2020 / 13:05 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Public Joint Stock Company «Mining and Metallurgical Company «NORILSK
NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")


Moscow, September 25, 2020 - Nornickel, the world's largest producer of
palladium and high-grade nickel and a major producer of platinum and copper,
has signed cooperation agreements with three organizations representing the
indigenous peoples of the Taimyr Peninsula.

These organizations represent over 90% of the indigenous population living
in the north of Russia. Nornickel has developed jointly with them a
comprehensive, five-year support programme totalling 2 billion roubles. The
new programme expiring in 2024 includes a wide range of various initiatives
aimed at the protection of the natural habitat and support of the
traditional activities of the indigenous peoples, as well as funding for
housing, medical, infrastructural, touristic, educational, and cultural
projects. The list of these projects has been defined with an immediate
input from the local indigenous communities, which should provide the basis
for the most efficient cooperation between indigenous peoples, local
governments, and industrial companies regarding regional development.

The programme has been developed as a follow-up to an ethnographic
expedition carried out this summer in the Taimyr Peninsula, involving over
100 interviews and various polls of indigenous communities. A number of
priority areas for support have been identified through these polls and
interviews, which include creation of seasonal jobs in tourism and other
industries, reindeer husbandry, fishing, and hunting. The initiatives
already included into the roadmap include construction of workshops for
reindeer and fish processing, purchase of refrigeration units, construction
of an ethnical complex with workshops for fur processing, subsidisies of
helicopter transportation, targeted training for professions in demand at
Nornickel, and publishing of textbooks in indigenous languages and many
other ad hoc and complex initiatives. The presentation with more details on
is available on the following link:
https://www.nornickel.com/upload/iblock/93f/Program_en.pdf [1]

Andrey Grachev, Vice President, Federal and Regional Programmes, of
Nornickel, has commented on the cooperation agreements: "We have jointly
defined new systemic initiatives aiming at the support of indigenous peoples
living in the Taimyr Penimsula, which have now been consolidated in an
agreement. This is a 2 billion roubles programme comprising over 40
initiatives in the next five years. Firstly, it is aimed at stimulating the
economic activity of the indigenous peoples and facilitating the use of
renewable resources - the basis of their traditional lifestyle. Nornickel
has a long history of close cooperation with organisations representing the
interests of indigenous communities in the regions of our operations,
ensuring transparency in decision-making and that joint projects are
implemented in the most efficient manner possible."

Grigory Ledkov, President of the Association of Indigenous Minorities of the
North, Siberia and the Far East of the Russian Federation, added: "This
agreement can serve as an example for other companies, as it emphasizes the
importance of preserving the habitat of indigenous people and protecting our
values and traditions.

The full-scale ethnographic expedition to hear the opinions of indigenous
populations has already become a huge step in the right direction and will
serve as a model for future projects of this kind. The results of this
expedition will help to make to develop initiatives which will be of
paramount importance for indigenous populations. We are confident that the
agreement will help us find new joint approaches to sustainable living and
working in the North, as well as resolve other pressing issues facing local

The agreement has been signed by Andrey Grachev, Nornickel's Vice President,
Federal and Regional Programmes, Grigory Ledkov, President of the
Association of Indigenous Peoples of the North, Siberia, and the Far East of
the Russian Federation,Artur Gayulsky, President of the Regional Association
of Indigenous Peoples of the Krasnoyarsk Territory, and Grigory Dyukarev,
Chairman of the Association of Indigenous Minorities of Taimyr, Krasnoyarsk

Nornickel participates regularly in projects aiming at the socio-economic
development and support of the indigenous populations of the Taimyr
Peninsula, which include air transportation, the procurement of building
materials and diesel fuel, as well as cultural events and celebrations.
Particular attention is paid to preserving the languages of the indigenous
peoples of the North. Nornickel's participation in the reconstruction and
construction of various social facilities is another important way in which
the company offers its support to local communities. Nornickel has funded
the full reconstruction of Neptun swimming pool, the children's orphanage
centre and sports complex in Dudinka town, and construction of a cultural
centre in the village of Kheta. Nornickel has also co-funded the
construction of a sports and recreation centre in Dudinka. The Company's
total financial support towards support and development of the regions,
where indigenous populations reside permanently, amounted to 277 million
roubles from 2018 to 2020.


MMC Norilsk Nickel is a diversified mining and metallurgical company, the
world's largest producer of palladium and high-grade nickel and a major
producer of platinum and copper. The company also produces cobalt, rhodium,
silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other

The production units of Norilsk Nickel Group are located at the Norilsk
Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as
well as in Finland and South Africa.

MMC Norilsk Nickel shares are listed on the Moscow and on the
Saint-Petersburg Stock Exchanges, ADRs are traded over the counter in the US
and on the London, Berlin and Frankfurt Stock Exchanges.

Media Relations: Investor Relations:

Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20

Email: pr@nornik.ru Email: ir@nornik.ru

ISIN: US55315J1025
Category Code: MSCL
LEI Code: 253400JPTEEW143W3E47
Sequence No.: 84906
EQS News ID: 1136617

End of Announcement EQS News Service

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2cd7bb7a19d86a08042aacaab7594858&application_id=1136617&site_id=vwd&application_name=news

(END) Dow Jones Newswires

September 25, 2020 06:05 ET ( 10:05 GMT)

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