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.             

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