Norilsk Nickel CEO Denis Morozov on Sustainable Mining

OJSC MMC Norilsk Nickel General Director, Chairman of the Management Board Denis S. MorozovThe following excerpt by General Director, Chairman of the Management Board Denis S. Morozov is from the OJSC MMC Norilsk Nickel 2007 Social Report which is available at: Norilsk Nickel 2007 Social Report

Dear readers,

OJSC MMC Norilsk Nickel is pleased to present the social report for 2007 which represents another step forward by the company in disclosing information regarding various aspects of its operations and activities concerned with sustainable development. At the core of our development strategy and our everyday business is the belief that consistent observance of social responsibility principles is a prerequisite for sustained and effective development of business.

In 2007, the Company continued the successful implementation of the adopted development strategy, modernised the existing production facilities, provided for further development of the unique resource base and entry to the Russia’s new regions.

In 2007, the Company significantly expanded the geography of its operations. OJSC MMC Norilsk Nickel successfully completed the transaction to acquire nickel business of OM Group Inc. and consolidated 100% shares of LionOre Mining International Ltd.1

The purchase of LionOre is the largest foreign acquisition in the history of Russian business. Today, MMC Norilsk Nickel is a leader of international metal markets with excellent outlook for further development.

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Norilsk Nickel CEO Denis Morozov – Beijing China Mining Conference Speech, 14th November 2007

Growth and Diversity: The Changing Face of Global Mining


Ladies and Gentlemen. It is an honour for Norilsk Nickel to present at this conference. This is our first major corporate presentation in China.

Could I begin by extending my congratulations to the organisers for the work they have put into the preparation of the conference and for helping to reinforce the reputation of China Mining as one of the premier events in the mining industry’s calendar.

For those not familiar with the name, Norilsk Nickel is Russia’s leading mining company and the world’s largest producer of nickel and palladium. It is also a major producer of copper, cobalt, platinum, and a host of minor metals from operations in the far north of Russia on the Taimyr and Kola peninsulas.

The company’s principal mining operations, located around the town of Norilsk, are extremely remote from other centres of population in Russia and exposed to some of the harshest conditions faced by miners anywhere in the world.

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Denis Morozov, General Director of MMC Norilsk Nickel – An Introduction

On April 3, 2007 Denis Morozov took up the post as General Director of MMC Norilsk Nickel. Mr. Morozov was previously Deputy General Director and Member of the Management Board of MMC Norilsk Nickel. Born on March 30, 1973, Mr. Morozov is married and has two children. He graduated with distinction from the Lomonosov Moscow …

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