MMC Norilsk Nickel : Board of Directors approves the Company's budget for 2013

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 

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 

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 

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:  Email:


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.


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Source: MMC Norilsk Nickel via Thomson Reuters ONE
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