DAX®13.786,29-0,67%TecDAX®3.346,40-0,65%Dow Jones 3030.932,37-1,50%Nasdaq 10012.909,44+0,63%
finanztreff.de

NORNICKEL HOSTS 2020 ANNUAL CAPITAL MARKETS DAY: ENABLING THE TRANSITION TO A GREENER WORLD

| Quelle: Dow Jones Newsw... | Lesedauer etwa 5 min. | Text vorlesen Stop Pause Fortsetzen


MMC Norilsk Nickel (MNOD)
NORNICKEL HOSTS 2020 ANNUAL CAPITAL MARKETS DAY: ENABLING THE TRANSITION TO
A GREENER WORLD

01-Dec-2020 / 16:00 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

December 1, 2020

Public Joint Stock Company "Mining and Metallurgical Company "NORILSK
NICKEL" (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")

NORNICKEL HOSTS 2020 ANNUAL CAPITAL MARKETS DAY:

ENABLING THE TRANSITION TO A GREENER WORLD

Moscow - December 1, 2020 PJSC MMC Norilsk Nickel, the world's largest
producer of palladium and high-grade nickel and a major producer of platinum
and copper, hosted its annual Capital Markets Day.

The management updated the investment community on Nornickel's operating and
financial performance, and commodities market outlook as well as a strategic
vision for the next decade focusing on sustainable and eco-friendly
development.

The 10-year strategic vision meets the latest market needs

In spite of the challenges for the global economy imposed by the coronavirus
pandemic, the Company reiterates its commitment to increase significantly
its investments into the development of its mining and processing capacities
aiming at production growth of nickel, copper, palladium and platinum by
over 30% by 2030.

The management believes that the global transition to a 'green economy'
offers a unique opportunity for the Company to become a key player in metals
markets essential for building a carbon-neutral world in general and clean
transport in particular.

Furthermore, the Company recognizes that its consumers are becoming
increasingly demanding, and are now looking for not just a stable supply and
product quality, but are also requiring that their supplier meets criteria
of sustainable production, social responsibility, respect for human rights
and low carbon footprint.

Holistic environmental strategy

Lessons have been learned from the recent environmental incident, when a
diesel fuel was spilled, as the Company has run a major overhaul of its
environmental risk management, water resource management, biodiversity
recovery and climate change, having set concrete targets for each of these
areas. In addition to the ongoing Sulphur Project aiming at a 10-time
reduction in sulphur dioxide emissions in Polar Division by 2025, Nornickel
has announced the target to stay at the bottom quartile of the global nickel
production in terms of carbon emissions per nickel unit and maintain lowest
total GHG emissions intensity among global mining companies.

A separate and very important strategic focus will be put on the elimination
of legacy pollution, including dismantling of abandoned buildings and
structures, metal waste management and recycling as well as sanitary
cleaning of the territory.

Transition to an active phase of the investment cycle

To implement the growth strategy and environmental projects, Nornickel has
updated its long-term CAPEX plan and announced that the investment cycle
would enter an active phase in 2021.

Total investments for the next 10 years are scheduled to exceed USD 27 bn,
including approximately USD 5.5 bn earmarked for projects with a positive
environmental impact. CAPEX in fuel and energy assets, including industrial
safety initiatives, will amount to approximately USD 4 bn, which should
facilitate an upgrade of over 60% of all Nornickel's energy infrastructure.

In order to efficiently execute on this ambitious strategy, Nornickel has
transitioned to a division-based governance structure, whereby production
assets are gaining greater investment flexibility without compromising the
strategic and expert functions of the corporate centre. In addition, the
Company is developing supporting infrastructure for the third party
contractors and fly-in construction workers and expanding its pool of
construction companies capable of operating in Norilsk, which should help to
mitigate the challenges of a contractor labour force deficit.

Commenting on the updated strategic agenda, Nornickel's President Vladimir
Potanin said,

"As global transition to 'green economy' will require more nickel, copper,
palladium and platinum we are expanding our investments in environmentally
friendly production growth. We also intend to be absolutely transparent and
convenient to our customers by offering them new digital solutions. As an
industry leader and a responsible miner Nornickel will continue to execute
its strategy in a sustainable manner and respect the interests of all of its
stakeholders".

Available links:

The Strategy Day presentation [1]

The webcast of the event [2]

This announcement contains inside information in accordance with Article 7
of EU Regulation 596/2014 of 16 April 2014.

Full name and position of person making the announcement - Vladimir Zhukov,
Vice - president, Investor Relations

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
LEI Code: 253400JPTEEW143W3E47
Sequence No.: 88821
EQS News ID: 1151849

End of Announcement EQS News Service


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b6dde4cdc1090026f1b8962eaedbed95&application_id=1151849&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2f96065db903ee6c6cac1217e14599a8&application_id=1151849&site_id=vwd&application_name=news


(END) Dow Jones Newswires

December 01, 2020 08:00 ET ( 13:00 GMT)
Werbung

Das könnte Sie auch interessieren

News-Suche

Suchbegriff:

Aktuelle Videos

HSBC Trading TV

Werbung

Trading-Tipp

Börsen & Märkte

US-Marktüberblick

zur Mediathek
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 09 - stehen?
Jetzt abstimmen!
Alle Umfragen ansehen