MMC Norilsk Nickel (MNOD)
ANDREY BOUGROV TO BECOME NORNICKEL'S SENIOR VICE PRESIDENT FOR ENVIRONMENTAL
PROTECTION
02-Jul-2020 / 13:45 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
2 July 2020
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK
NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
ANDREY BOUGROV TO BECOME NORNICKEL'S SENIOR VICE PRESIDENT FOR ENVIRONMENTAL
PROTECTION
Moscow, July 2, 2020 - Nornickel, the world's largest producer of palladium
and high-grade nickel and a major producer of platinum and copper, announces
that in the wake of the recent fuel spill accident, Nornickel's Board of
Directors held on 30 June another meeting to review and discuss the
situation in Norilsk. As part of the meeting, the Company's management
reported on the clean-up progress and presented a long-term programme to
monitor the condition of permafrost and remedy the environmental damage.
The Board of Directors had held its first meeting to review the accident at
HPP-3 in Norilsk on 10 June 2020. The second meeting of the Board took place
on 30 June 2020, with the Company's management reporting on the clean-up
progress. A total of over 33 kt of water and fuel mixture has been collected
in the area, with over 172 kt of contaminated soil removed. According to the
management's estimates, over 90% of spilt fuel have been collected and
removed to date.
At the meeting, the management team presented a long-term recovery and
restoration programme along with proposed initiatives for regular monitoring
of production facilities for wear and tear and for permafrost conditions.
Valuable contributions and proposals were also received from board members.
"Sustainable development and environmental protection in the regions where
the Company operates are among our key priorities. Our environmental
programme has entered an enhanced phase, and there is a considerable amount
of work ahead. For several years, Nornickel has been working on reducing its
environmental impact. Today we face greater challenges relevant for everyone
around the globe - climate change and its impact on the Arctic region and
our operations. To address these, we have set up an independent
Environmental Task Team of the Board of Directors. This will be utilising
the services of independent specialist firms and other resources to assist
in investigating current issues and monitoring progress to ensure world
class delivery of our environmental programmes", said the Chairman of
Nornickel's Board of Directors, Gareth Penny.
The management team included Andrey Bougrov as Nornickel's senior vice
president, who will oversee the Company's sustainable development efforts.
Mr. Bougrov has been with the Company since 2013. He has considerable
experience in dealing with ESG matters and is well positioned to coordinate
activities across the various stakeholder groups. In addition, the post of
deputy director for ecology will be introduced in the Polar Division of
Nornickel.
Commenting on his appointment, Andrey Bougrov said that Nornickel plans to
step up its cooperation with Russian and foreign researchers and specialist
organisations focused on Arctic ecology and permafrost zones to jointly
study permafrost environments and find solutions to improve industrial
safety in the Arctic region. "Our joint efforts based on transparency will
provide us with the most advanced solutions, while also contributing to the
protection of the Arctic nature," said Andrey Bougrov.
ABOUT THE COMPANY
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
products.
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: MSCH
TIDM: MNOD
Sequence No.: 73334
EQS News ID: 1084741
End of Announcement EQS News Service
(END) Dow Jones Newswires
July 02, 2020 06:45 ET (10:45 GMT)
© 2020 Dow Jones News
