Norilsk Nickel Pledges Additional $1.3B to Industrial Safety

Russia’s biggest metal and mining company Norilsk Nickel, owned by Vladimir Potanin, has added an Industrial Safety component to its comprehensive, sustainable development programme already underway.

The new set of measures planned by Norilsk Nickel will provide modernization and upgrades to the existing power grid and mining and metallurgical plants, aiming to bolster safety measures and take the permafrost melting process into account for industrial assets in the Russian Far North.

Speaking on the national TV network Russia-24, Norilsk Nickel President Vladimir Potanin said:

“There is this concept of sustainable development, which we adopted. It presumes, among other things, a proper and responsible treatment of ecology, as well as a comprehensive and responsible treatment of industrial safety. Our commitment to both is unwavering.”

Nornickel’s Industrial Safety plan envisages an expansion of a large-scale investment program in energy infrastructure on the Taimyr Peninsula that has been launched to provide energy resources to new growth projects. The expansion is specifically focused on enhancing industrial safety of all facilities, including those built on permafrost. The enhanced investment programme will bring the cost of the Company’s sustainability program to over $3B, and it will include replacement of equipment at heat and hydropower stations, upgrade of power grid and gas pipeline systems and modernization of fuel tank storages.