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MMC Norilsk Nickel: MMC NORILSK NICKEL ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 3RD QUARTER 2013 AND 9 MONTHS



  MMC Norilsk Nickel: MMC NORILSK NICKEL ANNOUNCES PRELIMINARY CONSOLIDATED
         PRODUCTION RESULTS FOR 3RD QUARTER 2013 AND 9 MONTHS OF 2013

Moscow, October 31^st, 2013 - OJSC MMC Norilsk Nickel (hereinafter -  "Norilsk 
Nickel", "the  Company"  or  "the  Group"), the  world's  largest  nickel  and 
palladium producer, announces preliminary consolidated production results  for 
the third quarter of 2013 and nine months of 2013.

Nickel

  o Consolidated nickel production in 3Q 2013 amounted to 72.4 thousand tonnes
    up 7% q-o-q due to reopening of navigation season in Polar Division and
    hence increased volume of nickel matte shipped to Kola MMC, as well as
    higher nickel output by the Norilsk Nickel Harjavalta.
  o Consolidated nickel production in 9M 2013 amounted to 211.8 thousand
    tonnes, down 5% y-o-y owing to decreased volume of matte shipped from the
    Polar Division to Kola MMC  due to repairs at Nadezhda Metallurgical Plant
    and Oktyabrsky mine, earlier than usual termination of winter navigation
    as well as the mothballing of Lake Johnston operations in Australia in 2Q
    2013.

Copper

  o In 3Q 2013, consolidated copper output was down 2% q-o-q to 92.5 thousand
    tonnes owing to the expiration of the agreement between Norilsk Nickel
    Harjavalta and Boliden on the sale of copper cake.
  o In 9M 2013 consolidated copper output was up 2% y-o-y to 278.1.

Platinum Group Metals

  o In 3Q 2013, consolidated palladium output was down 7% q-o-q to 703
    thousand troy ounces.
  o Consolidated platinum output was down 8% q-o-q to 174 thousand troy
    ounces.
  o In 9M 2013, consolidated palladium and platinum output amounted to 2,049
    thousand troy ounces and 503 thousand troy ounces, respectively, fully in
    line with the 2013 production guidance.

Russian operations

In 2Q 2013, the Russian divisions produced 58.4 thousand tonnes of nickel,  up 
5% q-o-q. In  9M 2013, nickel  production amounted to  170.4 thousand  tonnes, 
which was marginally down y-o-y owing  to  lower nickel content in mined  ore, 
as well as repairs at Nadezhda Metallurgical Plant and Oktyabrsky mine.
The 3Q 2013 copper output in  Russia increased to 90.3 thousand tonnes,  while 
9M 2013 copper output was up 1% y-o-y to 268.8 thousand tonnes.

In 3Q 2013, the Polar Division and Kola MMC produced 682 thousand troy  ounces 
of palladium, down 6% q-o-q. In 9M 2013, the output of palladium reached 1,979
thousand troy ounces, almost flat y-o-y.

In 3Q 2013  platinum output in  Russia amounted to  169 thousand troy  ounces, 
which fully in line with production plan. In 9M 2013, platinum output was down
5% y-o-y to 484 thousand troy ounces.

Norilsk Nickel Finland

In 3Q 2013, the Norilsk  Nickel Harjavalta produced approximately 13  thousand 
tonnes of nickel,  up 39%  q-o-q as production  was resumed  after a  seasonal 
maintenance in May.

In 3Q  2013, copper  output decreased  by  59% q-o-q  to 1.3  thousand  tonnes 
following the expiration of the agreement with Boliden on sale of copper  cake 
in the total amount of 10 thousand tonnes. The agreement was completed in full
and closed in August  2013. Per this agreement  the Norilsk Nickel  Harjavalta 
produced approximately 5 thousand tonnes of cooper, 13.1 thousand troy  ounces 
of platinum and 31.1 thousand troy ounces of palladium.

In total, in 9M 2013 the Norilsk Nickel Harjavalta produced 33 thousand tonnes
of nickel and 5  thousand tonnes of  cooper. Nickel output  was down 3%  y-o-y 
owing to reduced deliveries of concentrate from Talvivaara.

Norilsk Nickel Australia
Starting from 2Q 2013 Lake  Johnston has been put  on care and maintenance  as 
part of cost optimization program owing  to the unfavorable conditions on  the 
nickel market.
Norilsk Nickel Africa
In 3Q 2013, Tati Nickel produced 2.1 thousand tonnes of nickel in concentrate,
of which 0.9  thousand tonnes were  shipped to the  Norilsk Nickel  Harjavalta 
refinery. In total,  in 9M 2013  Tati Nickel produced  6.2 thousand tonnes  in 
concentrate down 28% y-o-y owing to lower nickel content in mined ore.

The production of nickel in concentrate by Nkomati (reported on 50% basis)  in 
3Q 2013 decreased 11% q-o-q to 3 thousand tonnes. In 9M 2013, output reached 9
thousand tonnes  of  nickel in  concentrate  up  31% y-o-y.  The  increase  in 
production was achieved as result  of the successful upgrade of  concentration 
facilities. All  nickel  concentrate produced  by  Nkomati was  delivered  for 
further processing to the Norilsk Nickel Harjavalta refinery in Finland.

Media Relations           Investor Relations
Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20
Email: pr@nornik.ru       Email: ir@nornik.ru

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.

MMC NORILSK NICKEL                           Q o Q                   9M 2013 o
SALEABLE METALS PRODUCTION 3Q 2013 2Q 2013 change, % 9M 2013 9M 2012  9M 2012
                                                                     change, %
TOTAL METAL PRODUCTION¹
        Nickel, tonnes      72,422  67,814        7% 211,809 222,877       -5%
        Copper, tonnes      92,486  94,571       -2% 278,083 273,762        2%
        Palladium,             703     758       -7%   2,049   2,077       -1%
thousand troy ounces
        Platinum, thousand     174     189       -8%     503     526       -4%
troy ounces
Norilsk Nickel Polar and                    
Kola Divisions (Russia)
   Nickel,  tonnes          58,422  55,504        5% 170,404 173,498       -2%
   Copper, tonnes           90,288  89,679        1% 268,771 265,016        1%
   Palladium, thousand         682     725       -6%   1,979   1,996       -1%
troy ounces
   Platinum, thousand troy     169     178       -5%     484     507       -5%
ounces
Norilsk Nickel Finland²                     
   Nickel,  tonnes          12,810   9,224       39%  33,284  34,460       -3%
   Copper, tonnes            1,316   3,224      -59%   4,985   1,006      396%
   Palladium, thousand           8      21      -59%      31      21       51%
troy ounces
   Platinum, thousand troy       3       9      -61%      13       9       52%
ounces
Norilsk Nickel Australia
Nickel in concentrate,           0   1,174     -100%   2,826   6,247      -55%
tonnes
Norilsk Nickel Africa
Nickel in concentrate, to    1,190   1,912      -38%   5,293   8,672      -39%
third parties,  tonnes
Tati Nickel nickel in        1,190   1,912      -38%   5,293   8,672
concentrate,  tonnes
Tati Nickel nickel in
concentrate, shipped to NN     912       0               912       0  
Harjavalta, tonnes
Nkomati (50%) nickel in
concentrate, shipped to NN   2,961   3,339      -11%   8,950   6,833       31%
Harjavalta, tonnes
Copper in concentrate, to      882   1,668      -47%   4,327   7,740      -44%
third parties, tonnes
Tati Nickel copper in          882   1,668      -47%   4,327   7,740  
concentrate,  tonnes
Tati Nickel copper in
concentrate, shipped to NN     906       0               906       0  
Harjavalta, tonnes
Nkomati (50%) copper in
concentrate, shipped to NN   1,318   1,310        1%   3,766   3,351       12%
Harjavalta, tonnes
Palladium in concentrate,
to third parties, thousand      12      12        2%      39      60      -36%
troy ounces
Tati Nickel palladium in
concentrate, thousand troy      12      12        2%      39      60
ounces
Tati Nickel palladium in
concentrate, shipped to NN       3       0                 3       0
Harjavalta, thousand troy
ounces
Nkomati (50%) palladium in
concentrate, shipped to NN      12      11        5%      32      22       43%
Harjavalta, thousand troy
ounces
Platinum in concentrate,
to third parties, thousand       2       2      -10%       6      11      -42%
troy ounces
Tati Nickel platinum in
concentrate, thousand troy       2       2      -10%       6      11
ounces
Tati Nickel platinum in
concentrate, shipped to NN       1       0                 1       0  
Harjavalta, thousand troy
ounces
Nkomati (50%) platinum in
concentrate, shipped to NN       6       4       31%      13       8       58%
Harjavalta, thousand troy
ounces

Notes:
¹Totals may differ from the sum of numbers as a result of rounding.
²Production results include processing of nickel concentrate from Tati,
Nkomati and purchased materials.

------------------------------------------------------------------------------

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#1739716
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