(finam.ru) - RIA Novosti/Prime. The Norilsk Nickel company confirms its plans to implement the Sulfur Project and the total investment will amount to 950 bn roubles by 2050, Chairman of the Board of Directors of the company Andrey Bugrov said at a meeting held at the Congress of Responsible Business.
The Sulfur Programme is a Norilsk Nickel’s environmental project to reduce sulfur dioxide emissions at the company’s Polar Division. Bugrov underlined that the project implementation should make it possible to almost completely solve the sulfur dioxide emission problem in the Krasnoyarsk Territory.
“The company intends to implement the largest environmental initiative, the Sulfur Programme, in full. The investments in the project will amount to 280 bn roubles for the period up to 2025, as well as the production and depreciation costs will make a total of about 670 bn roubles for the period up to 2050,” Bugrov said.
At the same time, Norilsk Nickel reported in June about the loss of about half of its long-established suppliers of spare parts and equipment, including those for the Sulfur Programme. In turn, Andrey Grachyov, Vice President for Federal and Regional Programmes of Norilsk Nickel, said at the Eastern Economic Forum (EEF) that the company was considering China and India as the suppliers of equipment for the environmental project implementation.
Stanislav Seleznyov, Norilsk Nickel’s Vice-President for Ecology and Industrial Safety, also told reporters in October that despite the difficulties they faced, the company planned to complete the first stage of the Sulfur Programme (in relation to the Nadezhda Metallurgical Plant) next year.
Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of nickel and palladium and a leading producer of platinum, cobalt, copper, and rhodium. The group’s operations are located in Russia in the Norilsk industrial region, on the Kola Peninsula, and in Finland. The major co-owners are the firms of the INTERROS Holding Company, owned by Vladimir Potanin (35.95% of shares), and RUSAL (26.25%).
