{"id":391978,"date":"2020-12-02T11:58:09","date_gmt":"2020-12-02T16:58:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391978"},"modified":"2020-12-02T11:58:09","modified_gmt":"2020-12-02T16:58:09","slug":"norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact\/","title":{"rendered":"Norilsk Nickel Announces Output Increase Plans while Committing to Ease Environmental Impact"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MOSCOW<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0In an opening speech of the MMC Norilsk Nickel Capital Markets Day, <span class=\"xn-person\">Vladimir Potanin<\/span>, Company<span>&#8216;<\/span>s President, announced a set of new initiatives, including doubling the production output, greater focus on support for regional development, the introduction of a digital ecosystem and other significant goals. Mr. Potanin also acknowledged the toll that the events of 2020 have taken on the Company and on the world, referring to the COVID-19 pandemic and the ensuing global economic crisis. The year has been a difficult one for the Company in operational terms as well, in light of a series of accidents, but Nornickel remains fully committed to resolving all related issues.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1347143\/Norilsk_Nickel_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1347143\/Norilsk_Nickel_Logo.jpg\" title=\"Norilsk Nickel Logo\" alt=\"Norilsk Nickel Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Nornickel holds Capital Markets Day \u2013 annual meetings with the investment community, during which the Company&#8217;s management presents the main results of its work done throughout the year and outlines the main tasks and strategic priorities.<\/p>\n<p>This years<span>&#8216; <\/span>Capital Markets Day was hallmarked by the announcement that Norilsk Nickel is to double output and introduce the Green Nickel programme to drastically decrease the Company<span>&#8216;<\/span>s carbon footprint. The Company has confirmed its intentions to significantly increase investments in the integrated development of the mining base and processing facilities, which will boost metal production by more than 30% by 2030. The new programme foresees the closing of smelter facilities in the town of Nickel later this year and strong commitment to ESG standards.<\/p>\n<p>Norilsk Nickel has also confirmed plans to increase capital expenditures in 2021 to up to <span class=\"xn-money\">US$3<\/span>-3.4bn (RUR2.25trn) from a maximum of <span class=\"xn-money\">US$2bn<\/span> (RUR1.5trn) this year. Over the next 10 years, the Company plans to invest more than <span class=\"xn-money\">US$27bn<\/span>, of which <span class=\"xn-money\">US$5.5bn<\/span> will be directed at the environment protection and another <span class=\"xn-money\">US$4bn<\/span> at the development of the energy complex, including investments in industrial safety and labour protection, in the next 5 years. This includes an upgrade of about 60% of energy infrastructure facilities.<\/p>\n<p>In addition to the systematic implementation of the Sulphur project, which aims to reduce sulphur dioxide emissions in the Polar Division by 10 times in 2025, Norilsk Nickel has announced plans to maintain its leadership position in terms of low carbon intensity per unit of production and to remain in the bottom quartile of the global metallurgy industry in terms of carbon dioxide emissions.<\/p>\n<p>&#8220;As\u00a0global transition to green economy will require more nickel, copper, palladium and platinum we\u00a0are expanding our investments in\u00a0environmentally friendly production growth. We\u00a0also intend to\u00a0be\u00a0absolutely transparent and convenient to\u00a0our customers by\u00a0offering them new digital solutions. As\u00a0an\u00a0industry leader and a\u00a0responsible miner Nornickel will continue to\u00a0execute its strategy in\u00a0a\u00a0sustainable manner and respect the interests of\u00a0all of\u00a0its stakeholders.&#8221; \u2013 said the Company<span>&#8216;<\/span>s President <span class=\"xn-person\">Vladimir Potanin<\/span>.<\/p>\n<p>The Company is also entering into partnership with IBM to join the Responsible Sourcing Blockchain Network (RSBN). The new digital ecosystem includes tokenisation of up to 20% of the Company<span>&#8216;<\/span>s sales in 2021. <\/p>\n<p>The Capital Markets Day event saw discussions focused on the global risks and challenges on the Company<span>&#8216;<\/span>s strategic agenda. Among them were the lessons learned from the accidents that resulted in environmental damage. As a result, the Company<span>&#8216;<\/span>s management has confirmed its commitment to the implementation of the environmental programme as the main goal of sustainable business development.<\/p>\n<p>Norilsk Nickel will also be focusing on production growth and the formation of a new production cycle by strengthening the management team and forming a new risk management system. More importantly, greater attention will be devoted to supporting the development of the regions of operations against the backdrop of global challenges and economic recession.<\/p>\n<p>MMC Norilsk Nickel is a diversified mining and metallurgical company, the world<span>&#8216;<\/span>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 <span class=\"xn-location\">Russia<\/span> as well as in <span class=\"xn-location\">Finland<\/span> and <span class=\"xn-location\">South Africa<\/span>.<\/p>\n<p>Shares of MMC Norilsk Nickel are listed on the <span class=\"xn-location\">Moscow<\/span> and on the Saint-Petersburg Stock Exchanges, its ADRs are traded over the counter in the US and on the <span class=\"xn-location\">London<\/span>, <span class=\"xn-location\">Berlin<\/span> and Frankfurt Stock Exchanges.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09788&amp;sd=2020-12-02\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact-301183932.html\">http:\/\/www.prnewswire.com\/news-releases\/norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact-301183932.html<\/a><\/p>\n<p>SOURCE  MMC Norilsk Nickel<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY09788&amp;Transmission_Id=202012021154PR_NEWS_USPR_____NY09788&amp;DateId=20201202\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MOSCOW, Dec. 2, 2020 \/PRNewswire\/ &#8212;\u00a0In an opening speech of the MMC Norilsk Nickel Capital Markets Day, Vladimir Potanin, Company&#8216;s President, announced a set of new initiatives, including doubling the production output, greater focus on support for regional development, the introduction of a digital ecosystem and other significant goals. Mr. Potanin also acknowledged the toll that the events of 2020 have taken on the Company and on the world, referring to the COVID-19 pandemic and the ensuing global economic crisis. The year has been a difficult one for the Company in operational terms as well, in light of a series of accidents, but Nornickel remains fully committed to resolving all related issues. Nornickel holds Capital Markets Day \u2013 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Norilsk Nickel Announces Output Increase Plans while Committing to Ease Environmental Impact&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-391978","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Norilsk Nickel Announces Output Increase Plans while Committing to Ease Environmental Impact - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/norilsk-nickel-announces-output-increase-plans-while-committing-to-ease-environmental-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norilsk Nickel Announces Output Increase Plans while Committing to Ease Environmental Impact - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MOSCOW, Dec. 2, 2020 \/PRNewswire\/ &#8212;\u00a0In an opening speech of the MMC Norilsk Nickel Capital Markets Day, Vladimir Potanin, Company&#8216;s President, announced a set of new initiatives, including doubling the production output, greater focus on support for regional development, the introduction of a digital ecosystem and other significant goals. Mr. Potanin also acknowledged the toll that the events of 2020 have taken on the Company and on the world, referring to the COVID-19 pandemic and the ensuing global economic crisis. The year has been a difficult one for the Company in operational terms as well, in light of a series of accidents, but Nornickel remains fully committed to resolving all related issues. 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