MMC Norilsk Nickel (MNOD)
UPDATE ON THE DIESEL SPILL ACCIDENT AT NORNICKEL'S HEAT AND POWER PLANT - 3
07-Jul-2020 / 09:00 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK
NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
UPDATE ON THE DIESEL SPILL ACCIDENT
AT NORNICKEL'S HEAT AND POWER PLANT - 3
Moscow, July 7, 2020 - Nornickel, the world's largest producer of palladium
and high-grade nickel and a major producer of platinum and copper, notes the
announcement made on 6 July 2020 by the Russian Federal Service for
Supervision of Natural Resources (Rosprirodnadzor) that it has sent to
Norilsk-Taimyr Energy Company (NTEC, part of Norilsk Nickel Group) a demand
for the voluntary compensation of damage to the environment caused as a
result of diesel fuel spill at Heat and Power Plant - 3 (HPP-3) in the
amount of RUB 147,784,627,500 (approx. USD 2.07 billion), including damage
to the water system in the amount of RUB 147,046,011,000 and damage to land
in the amount of RUB 738,616,500. Nornickel will be able to provide further
comments regarding this demand after its receipt by NTEC.
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.: 74072
EQS News ID: 1087567
End of Announcement EQS News Service
(END) Dow Jones Newswires
July 07, 2020 02:00 ET (06:00 GMT)
