Norilsk Nickel announced the completion of an independent assessment of the readiness of its mining assets for certification according to the Initiative for Responsible Mining Assurance (IRMA) standard. This is stated in the company's message.
The standard pays special attention to the issues of industrial safety and labor protection, health and quality of life of employees and residents of the regions where the company does business, as well as the protection of human rights and interaction with small indigenous peoples.
The results of the self-assessment according to the IRMA standard were analyzed by an independent consultant ENSOR Management Consultants, who also checked the readiness of Norilsk Nickel's mining assets for certification according to the IRMA standard. The inspection was carried out at eight main mines of the Norilsk and Kola divisions: Taimyrsky, Oktyabrsky, Komsomolsky, Rocky, Zapolyarny, Mayak, Severny and the Kaula-Kotselvaara mine. According to the results of the audit, it was found that in the case of official certification, the company's assessment could correspond to the level of IRMA Transparency.
IRMA is an international public organization established in 2006 and unites more than 100 participants. The standard for the mining industry - a voluntary certification system for large mining facilities - was introduced in 2018 and includes four principles, 26 chapters (topics), 400+ requirements, including 40 critical ones. As a result of certification, the IRMA Transparency / IRMA 50 / IRMA 75 / IRMA 100 achievement level can be obtained.
ENSOR Management Consultants LLC is a company organized by the former Environmental Resources Management team in Russia after the suspension of its last activity in 2022. The company's specialists have experience in the field of environmental and social risk assessment and management.
PJSC MMC Norilsk Nickel (TIN 8401005730) is the largest diversified mining and metallurgical company in Russia, is the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition, the company produces a large number of related metals, including gold, silver, tellurium, selenium, iridium and ruthenium. The production units of MMC Norilsk Nickel Group are located in the Norilsk Industrial District and on the Kola Peninsula, as well as in Finland, the USA, Australia, Botswana and South Africa.
Norilsk Nickel's net profit under IFRS for the first half of 2022 increased by 18% and amounted to $5.1 billion compared to a year earlier. Consolidated revenue amounted to $9 billion. EBITDA decreased by 16% to $4.8 billion.
