Apr 15, 2020
MMC Norilsk Nickel has allocated RUB 10.5 billion to combat coronavirus (COVID-19) and help maintaining social stability in the regions of its operations. The funds will be used to purchase medical equipment, medicine and personal protective gear for local healthcare institutions, the Company’s operating sites and employees, as well as to provide additional support for the Company employees and small and medium-sized enterprises (SMEs) located in Nornickel’s regions of operation.
(PRUnderground) April 15th, 2020
Moscow, April 15, 2020 — Russia’s biggest metal and mining company Norilsk Nickel, owned by Vladimir Potanin, has donated RUB10.5bn ($143mn) to combat the spread of coronavirus (COVID-19) and to protect the health of its workers. The funds will provide medical equipment, medicine and personal protective gear for local healthcare facilities, Company’s operating sites and employees, as well as extend additional support to employees and to small and medium-sized enterprises (SMEs) in Nornickel’s regions of operation.
“Norilsk Nickel is dealing with this crisis with a sufficient safety margin to ensure the maximum possible protection for our workers and all residents of the cities hosting our enterprises, – said Vladimir Potanin, Norilsk Nickel president and Russia's wealthiest businessman. – Viruses, no matter how dangerous, come and pass, but we must never lose sight of our main asset: our talented people. I have ordered additional measures to support our workers and residents in our cities. I am certain that together with our employees, the residents of our cities, as well as with the whole country, we will overcome this challenge successfully.”
Nornickel will spend 3 billion rubles on medical and protective equipment, and the development of medical infrastructure in its regions of operations, which will include procurement of testing equipment and lung ventilators (ALV). Two stationary and five mobile laboratories will be deployed in Norilsk and on the Kola Peninsula. The number of beds in the infectious ward of the Norilsk hospital will be doubled and may be increased to a 1000, if needed. Efforts to strengthen hospitals capacity are also underway in Monchegorsk and the Pechenga district. A portion of the Nornickel COVID-19 funding allocation will provide support for small businesses in the regions of its operations.
In full compliance with the local regulations Nornickel has transferred its employees to remote work, with the exception of those workers, whose presence is required to ensure production and business continuity. In addition, the company retains salaries for those who do not have remote access and employees with young children who are unable to keep work schedules due to the closure of child care facilities.
Nornickel telecommunications subsidiary in Norilsk has granted the use of its own channels to mobile operators in Norilsk to provide the population with high-speed Internet connections for remote work and training.
In the Russian Far North Norilsk Nickel extended its support to local SMEs by introducing rent holidays to more than 100 of its tenants. Social entrepreneurs who previously received loans from Norilsk Nickel as part of the company's charity project have been offered payment deferrals for six months.
About PJSC “MMC “Norilsk Nickel”
ABOUT THE COMPANY
(MMC “Norilsk Nickel”, “Nornickel” or 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.
Press Contact Name: Tatyana Egorova Phone: +7 (495) 785 58 00 Email: pr@nornik.ru Website: https://www.nornickel.com
Original Press Release.
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