MMC Norilsk Nickel : Board of Directors approves the Company's budget for 2013 Moscow, February 4, 2013 - Today the Board of Directors of MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company), the largest global nickel and palladium producer, approved the Company's draft budget for 2013 submitted by the management. The budget ensures stable metals production by national operations of the Company in 2013. Nickel output by the Polar Division (PD) and Kola MMC is expected at no less than 233 thousand tonnes in line with 2012 output. Production of copper is expected to increase by about 2% to 359 thousand tonnes in 2013. Platinum and palladium output is anticipated to slightly reduce due to changes in ore composition and lower ore grades. The Company is to sell 100% of the output. Revenue expectations are based upon the market consensus of metal prices for 2013. The Company's net profit and EBITDA are assumed to be in line with that of the world's leading metal producers. The Company's investment programme is expected to reach RUB 75.4 billion aimed mostly at the implementation of the key investment projects in mining and enrichment as well as modernization of production facilities. The budget ensures social stability in the regions of operations and confirms the Company's backbone position. The Company is expected to maintain existing social programmes and to join efforts with federal and regional authorities on the relocation of Norilsk residents and the development of city infrastructure. The Company is going to further invest in initiatives aimed at the reduction of harmful emissions and improvement of environment. The budget envisages for the Company's mid-term and long-term robust balance sheet. The Company will also continue the optimisation of operating costs and improvement the efficiency of the investment projects. For further information, please, contact: Media Relations: Investor Relations: Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20 Email: firstname.lastname@example.org Email: email@example.com ABOUT MMC NORILSK NICKEL: MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium. The key production units of the Company's group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa. MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the Company's shares are traded on the other the counter market in the US and on the London and Berlin stock exchanges. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: MMC Norilsk Nickel via Thomson Reuters ONE HUG#1675311
MMC Norilsk Nickel : Board of Directors approves the Company's budget for 2013
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