DOCSLIB.ORG

2017 Annual Report of PJSC MMC Norilsk

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Draft Annual Report • 2017 Investing in sustainable development CONTENTS Company mission Through the efficient use of natural 2017 ANNUAL REPORT 1 resources and equity, we supply PJSC “MMC “NORILSK NICKEL” 02 Company overview mankind with non-ferrous metals, which make the world a more reliable Reporting period from 1 January 2017 04 Company profile place to live in and help people realise to 31 December 2017 06 Key highlights their aspirations for development and 08 Business model technological progress. The 2017 annual report of PJSC “MMC “Norilsk 10 Chairman’s letter Nickel” (MMC Norilsk Nickel, Nornickel, 12 President’s letter the Company) incorporates the results of MMC Norilsk Nickel and other operations of the Norilsk Nickel Group (the Group). For the purposes of this annual report, the Values Norilsk Nickel Group shall refer to a group of companies that includes MMC Norilsk Nickel and its subsidiaries. The largest subsidiaries Reliability of the Norilsk Nickel Group and their shares in the capital of MMC Norilsk Nickel are an ability to address any presented in the 2017 consolidated IFRS challenges to ensure success for financial statements. the business. The accuracy of information contained in this report was confirmed by the Audit Commission 2 and approved by the Company’s Board Growth of Directors and Annual General Meeting 16 Strategy overview of Shareholders. effective production ramp- 20 Environmental up and upgrade, leverage of programme groundbreaking technologies and development of our people. • Preliminarily approved by the Board of Directors of MMC Norilsk Nickel (Minutes No. GMK/18-pr-bd of 24 May 2018) Efficiency • Accuracy of information confirmed 22 delivering against our targets in Core by the Audit Commission of MMC Norilsk Nickel investments due time and at minimum costs. (Opinion of 16 May 2018) Responsibility a desire to honour our commitments and take on 26 Shaping responsibility for our decisions. growth areas Vladimir Potanin President, Professionalism Chairman of the Management Board a sustainably strong PJSC “MMC “Norilsk Nickel” performance. 28 Efficiency improvement programme Collaboration Sergey Malyshev Senior Vice President, an ability and desire to achieve Chief Financial Ocer goals through team work. PJSC “MMC “Norilsk Nickel” Online report 3 is avaiballe on website https://ar2017.norniсkel.com/ 30 Market overview 32 Metals in electric car production 34 Nickel 40 Copper 44 Palladium 50 Platinum 6 204 Information for shareholders 206 Authorised capital 4 206 Securities 210 Dividends 56 Business overview 213 Shareholder rights 214 Transparency 58 The Group business 58 ΀ Mineral base 62 ΀ Geological exploration 66 ΀ Production assets and activities 87 ΀ Key investment projects 94 ΀ Gas and energy assets 97 ΀ Transportation assets 100 ΀ Products and sales 103 ΀ Research and development 105 ΀ Supply management 108 Corporate responsibility 7 108 ΀ HR and social policy 128 ΀ Occupational safety 218 Appendixes 132 ΀ Environment 147 Financial overview (MD&A) 220 Consolidated financial statements 267 The Group structure 268 History of production indicators 270 Minerals resources and reserves 272 Report on compliance with principles and recommendations set forth in the Corporate Governance Code 290 Glossary 5 292 Metric conversion table and currency exchange rates 160 Corporate governance 293 Сontacts 162 Deputy Chairman’s letter 165 Corporate governance framework 170 Board of Directors 185 President and Management Board 193 Remuneration 195 Risk management and internal controls 203 Independent audit COMPANY OVERVIEW 04 Company profile 06 Key highlights 08 Business model 10 Chairman’s letter 12 President’s letter Company overview Company profile The Norilsk Nickel Group’s core operations The Norilsk Nickel Group (the Group) includes PJSC MMC Norilsk Nickel (Nornickel, the Company) and its subsidiaries. MMC Norilsk Nickel is the core (parent) company of the Norilsk Nickel Group, having the biggest share in the subsidiaries’ authorised capital. For more details on the Group’s structure p. 267 The Norilsk Nickel Group is Russia’s EXPLORATION leading metals and mining company, the largest palladium and refined nickel producer in the world, and one of the biggest platinum producers. On top of that, the Group produces copper, cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, and sulphur. MINING AND PROCESSING OF MINERALS In addition to the production facilities, the Company owns: a global sales network, fuel and energy assets, SALES OF NON- FERROUS The Company AND PRECIOUS supplying its METALS products to a wide range of R&D units, For more details of sales network 34 river transport, port terminals, p. 100 countries a unique Arctic cargo fleet. EBITDA margin in 2017 // % Company No.1 Company Company No.2 No.3 Nornickel EBITDA margin remains strong Company No.4 Company ranking among the highest No.5 in the global metals and mining industry. 52 46 45 44 34 28 4 5 Annual Report 2017 Company overview Mineral resources1 Proven and Measured and probable reserves indicated resources Nornickel operates the unique Talnakhskoye 12.4 mt Copper 23.8 mt Copper Field on the Taimyr Peninsula. Its sheer size and 7.1 mt Nickel 15.5 mt Nickel remarkably high content of metals in the ore make 3.9 kt PGM 8.3 kt PGM the field’s resource base key to the Company’s (125 mln oz) (264.7 mln oz) long-term sustainable growth. For more details on 1 The Company’s reserves and resources as at the Company’s Strategy overview 815 mt Ore reserves and 31 December 2017, including wholly owned overseas resources assets and excluding fields in Zabaykalsky Krai according mt Ore p. 58 to JORC standards. 2,220 The Company’s position in the industry No.1 No.1 No.4 No.5 No.13 Market overview palladium high-grade producer cobalt copper Market producer nickel producer of platinum producer producer share For more 40% 22% 11% 5% 2% details on the Company’s position in the industry p. 30 Business overview The Group’s Russia. Core businesses in Russia have a vertically integrated structure production assets and include Polar Division, Kola MMC and Bystrinsky GOK. Finland. In Finland, Norilsk Nickel operates Norilsk Nickel Harjavalta, a nickel refining facility that became part of the Group after acquisition of a nickel business in 2007. The plant is fully integrated into the Group’s Corporate governance production chain. South Africa. In South Africa, the Company owns 50% of Nkomati, a nickel mine developed jointly with African Rainbow Minerals. Australia. In Australia, The Company holds a licence to develop the Honeymoon Well Project. Information for shareholders Dividend yield in 2017 // % Nornickel Company Company No.1 No.2 The Company offers Company the highest dividend yield No.3 in the industry Company Company No.4 No.5 7.2 6.2 6.0 4.1 3.0 2.9 Appendixes 5 Company overview Key highlights EBITDA margin // % CAPEX // USD bn EBITDA // USD bn Financial 50 2.0 1.7 3.9 4.0 1.7 4.3 stability 47 44 For more details on financial results, please see the Financial Results (MD&A) section and IFRS Financial 2015 2016 2017 2015 2016 2017 Statements p. 147, 220 In 2017, EBITDA increased by 2% The 2017 increase was due to mainly due to higher stock exchange the phase of active construction prices. of Bystrinsky GOK and transition EBITDA margin remains strong ranking to the more active implementation among the highest in the global of refining capacities upgrade projects industry at Kola MMC. Operating PRODUCTION OVERVIEW efficiency Nickel // kt Copper // kt 2017 97% 217 2017 99% 401 2016 83% 236 2016 96% 360 2015 83% 266 2015 96% 369 From the Company's own Russian feedstock From the Company's own Russian feedstock For more details on production For more details outlook, please see the Strategy on historical Day presentation (slide 26) production available on the Company’s – 8 % + 11% website p. 268 2017/2016 2017/2016 Use of renewable energy // % Sulphur dioxide emissions // mt High level 40 36 38 2.01 of social 1.88 1.79 responsibility 2015 2016 2017 2015 2016 2017 Nornickel’s investment programme In 2017, sulphur dioxide emissions for 2018–2020 includes several large- decreased by 11% as compared to 2015. scale projects aimed at modernizing The decline came as a result of the Nickel the Company’s own hydroelectric Plant shutdown, modernizing of Talnakh power plants and enchancing Enrichment Plant and also in connection the use of renewable energy sources with the transition to the technology of hot bracing at Kola MMC’s Division. The emissions within Norilsk city limits have dropped by 30–35%. 6 7 Annual Report 2017 Company overview Net debt / EBITDA Net profit // USD bn Dividend yield1 // % Net debt // USD bn Dividends per share paid during the reporting period // USD 2.5 2.1х 1 Dividend yield 18.1 18.8 2.1 for the periods 8.2 1.7 14.0 calculated based 1.2х 4.2 7.8 on the amount 1.0х 4.5 of dividends 7.3 7.2 recommended Strategy overview by the Board of 2015 2016 2017 2015 2016 2017 2015 2016 2017 Directors and on the average ADR price as per The surge in net debt as at In 2017, Nornickel’s net profit The Company offers the highest Bloomberg for 31 December 2017 was caused by amounted to USD 2.1 bn. dividend yield in the global metals the calendar year. the 2017 dividend payout in the amount and mining industry of USD 3 bn and one-off changes in the net working capital. The net debt to EBITDA ratio used to calculate final dividends for 2017 stood at 1.88х. Market Market overview Copper // kt Palladium // koz Platinum // koz After completion of the main stage of our production capacity reconfiguration programme Talnakh Concentrator reached its design capacity and achieved target recovery 2017 98% 2,780 2017 97% 670 rates.
Recommended publications
  • Expiry Notice

    Expiry Notice

    Expiry Notice 19 January 2018 London Stock Exchange Derivatives Expiration prices for IOB Derivatives Please find below expiration prices for IOB products expiring in January 2018: Underlying Code Underlying Name Expiration Price AFID AFI DEVELOPMENT PLC 0.1800 ATAD PJSC TATNEFT 58.2800 FIVE X5 RETAIL GROUP NV 39.2400 GAZ GAZPROM NEFT 23.4000 GLTR GLOBALTRANS INVESTMENT PLC 9.9500 HSBK JSC HALYK SAVINGS BANK OF KAZAKHSTAN 12.4000 HYDR PJSC RUSHYDRO 1.3440 KMG JSC KAZMUNAIGAS EXPLORATION PROD 12.9000 LKOD PJSC LUKOIL 67.2000 LSRG LSR GROUP 2.9000 MAIL MAIL.RU GROUP LIMITED 32.0000 MFON MEGAFON 9.2000 MGNT PJSC MAGNIT 26.4000 MHPC MHP SA 12.8000 MDMG MD MEDICAL GROUP INVESTMENTS PLC 10.5000 MMK OJSC MAGNITOGORSK IRON AND STEEL WORKS 10.3000 MNOD MMC NORILSK NICKEL 20.2300 NCSP PJSC NOVOROSSIYSK COMM. SEA PORT 12.9000 NLMK NOVOLIPETSK STEEL 27.4000 NVTK OAO NOVATEK 128.1000 OGZD GAZPROM 5.2300 PLZL POLYUS PJSC 38.7000 RIGD RELIANCE INDUSTRIES 28.7000 RKMD ROSTELEKOM 6.9800 ROSN ROSNEFT OJSC 5.7920 SBER SBERBANK 18.6900 SGGD SURGUTNEFTEGAZ 5.2450 SMSN SAMSUNG ELECTRONICS CO 1148.0000 SSA SISTEMA JSFC 4.4200 SVST PAO SEVERSTAL 16.8200 TCS TCS GROUP HOLDING 19.3000 TMKS OAO TMK 5.4400 TRCN PJSC TRANSCONTAINER 8.0100 VTBR JSC VTB BANK 1.9370 Underlying code Underlying Name Expiration Price D7LKOD YEAR 17 DIVIDEND LUKOIL FUTURE 3.2643 YEAR 17 DIVIDEND MMC NORILSK NICKEL D7MNOD 1.8622 FUTURE D7OGZD YEAR 17 DIVIDEND GAZPROM FUTURE 0.2679 D7ROSN YEAR 17 DIVIDEND ROSNEFT FUTURE 0.1672 D7SBER YEAR 17 DIVIDEND SBERBANK FUTURE 0.3980 D7SGGD YEAR 17 DIVIDEND SURGUTNEFTEGAZ FUTURE 0.1000 D7VTBR YEAR 17 DIVIDEND VTB BANK FUTURE 0.0414 Members are asked to note that reports showing exercise/assignments should be available by approx.
  • FY2020 Financial Results

    FY2020 Financial Results

    Norilsk Nickel 2020 Financial Results Presentation February 2021 Disclaimer The information contained herein has been prepared using information available to PJSC MMC Norilsk Nickel (“Norilsk Nickel” or “Nornickel” or “NN”) at the time of preparation of the presentation. External or other factors may have impacted on the business of Norilsk Nickel and the content of this presentation, since its preparation. In addition all relevant information about Norilsk Nickel may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information. Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and Norilsk Nickel cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of major risk factors. There may be other factors, both known and unknown to Norilsk Nickel, which may have an impact on its performance. This presentation should not be relied upon as a recommendation or forecast by Norilsk Nickel. Norilsk Nickel does not undertake an obligation to release any revision to the statements contained in this presentation. The information contained in this presentation shall not be deemed to be any form of commitment on the part of Norilsk Nickel in relation to any matters contained, or referred to, in this presentation. Norilsk Nickel expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the contents of this presentation.
  • The Russia You Never Met

    The Russia You Never Met

    The Russia You Never Met MATT BIVENS AND JONAS BERNSTEIN fter staggering to reelection in summer 1996, President Boris Yeltsin A announced what had long been obvious: that he had a bad heart and needed surgery. Then he disappeared from view, leaving his prime minister, Viktor Cher- nomyrdin, and his chief of staff, Anatoly Chubais, to mind the Kremlin. For the next few months, Russians would tune in the morning news to learn if the presi- dent was still alive. Evenings they would tune in Chubais and Chernomyrdin to hear about a national emergency—no one was paying their taxes. Summer turned to autumn, but as Yeltsin’s by-pass operation approached, strange things began to happen. Chubais and Chernomyrdin suddenly announced the creation of a new body, the Cheka, to help the government collect taxes. In Lenin’s day, the Cheka was the secret police force—the forerunner of the KGB— that, among other things, forcibly wrested food and money from the peasantry and drove some of them into collective farms or concentration camps. Chubais made no apologies, saying that he had chosen such a historically weighted name to communicate the seriousness of the tax emergency.1 Western governments nod- ded their collective heads in solemn agreement. The International Monetary Fund and the World Bank both confirmed that Russia was experiencing a tax collec- tion emergency and insisted that serious steps be taken.2 Never mind that the Russian government had been granting enormous tax breaks to the politically connected, including billions to Chernomyrdin’s favorite, Gazprom, the natural gas monopoly,3 and around $1 billion to Chubais’s favorite, Uneximbank,4 never mind the horrendous corruption that had been bleeding the treasury dry for years, or the nihilistic and pointless (and expensive) destruction of Chechnya.
  • Carta De Codelco

    Carta De Codelco

    Codelco Investor Presentation February 2014 Copyrights © 2011 CODELCO-CHILE. Todos los Derechos Reservados. CopyrightsCopyrights © 20112010 by CODELCO--CHILE. All Rights Reserved. 1 Codelco´s Highlights Industry Overview Operating & Financial Review Development Plan Update & Outlook Copyrights © 2011 CODELCO-CHILE. Todos los Derechos Reservados. CopyrightsCopyrights © 20112010 by CODELCO--CHILE. All Rights Reserved. 2 Codelco At a Glance World Largest Copper Producer: 10% of Market Share Copper Reserves and Sep 2013 Financial Results Resources (million US$) (million mft) Pre-Tax Profit 2,672 Geological Resources 339.5 EBITDA 4,194 Mineral Resources 131.9 EBITDA Margin 38.5% Reserves 63.6 Sep 2013 Production* Credit Ratings (thousand mft) S&P AA- Stable Copper 1,310 Moody‟s A1 Negative World largest copper producer Fitch A+ Stable Molybdenum 16.2 2nd world largest moly producer DBRS A Stable *: Includes 49% share in El Abra and 20% in Anglo American Sur Copyrights © 2011 CODELCO-CHILE. Todos los Derechos Reservados. CopyrightsCopyrights © 20112010 by CODELCO--CHILE. All Rights Reserved. 3 Codelco: Sales Breakdown Sales Breakdown by Product – Sep 2013 Sales Breakdown by Region (mft) – Sep 2013 100% US$ millions 2013 % 1% 1% 13% 10% Copper 10,128 92.9% 90% Molybdenum 378 3.5% 10% 80% 12% Other Products (anodic slimes, 395 3.6% 70% 18% sulfuric acid, etc.) 15% Total 10,901 100% 60% 50% 18% 20% Copper Sales Breakdown (mft) – Sep 2013 40% Refined Copper 80% 30% Concentrate 20% - Cathodes 74% - Anodes/Blister 6% 20% 41% 40% 10% 0% Sep-13 Sep-12 China Asia (exc. China) Europe Source: Codelco North America South America Oceania Copyrights © 2011 CODELCO-CHILE.
  • The Mineral Industry of Chile in 2014

    The Mineral Industry of Chile in 2014

    2014 Minerals Yearbook CHILE U.S. Department of the Interior October 2017 U.S. Geological Survey THE MINERAL INDUSTRY OF CHILE By Susan Wacaster Chile’s position in the world’s mineral economy was that of a accounted for by the mining sector—4.9% by state-owned leading producer of copper, gold, iodine, lithium, molybdenum, Corporación National del Cobre (CODELCO) and 5.1% by natural nitrates, rhenium, silver, and zinc. In 2014, Chile private mining operations. The mining sector’s contribution to continued to be the world’s leading producer of mined copper, Government revenue between 2003 and 2013 averaged about accounting for 31% of the total; iodine, 66%; and rhenium, 20% annually but had been decreasing since 2008. The decrease 56%. Chile was the world’s second-ranked producer of lithium, was directly related to a downturn in international prices for accounting for 36% of total mine production after Australia copper. Since 2012, the average annual rate of growth of the (with less than a 1% difference), and mined boron (ulexite), price of refined copper on both the London Metal Exchange accounting for 10% of total production after Turkey (which and the New York Metal Exchange decreased by an average accounted for 70% of world production). Chile was the world’s annual rate of 8%. In turn, the average annual rate of growth third-ranked producer of molybdenum, accounting for 17% of of copper mine production in Chile increased by 3% per year. world production after China (37% of world production) and Mining sector activities contributed significantly to other the United States (24%); and the fifth-ranked producer of mined economic sectors in Chile.
  • Annual Report Annual Reportannual

    Annual Report Annual Reportannual

    World without barriers 2009 Annual report Annual reportAnnual 2009 Presence Overcoming Distance Cooperation with VTB, an international financial group, enables you to control all your business processes, no matter where you are. Mission and values Mission To provide world-class financial services for a sustainably better future for our customers, our shareholders and our society. Values Customer confidence. Our customers’ confidence is our most important value. Reliability. Our prominent position in financial markets, our international expertise and our global scale guarantee our strength and reliability. Transparency. Our business is open and transparent with a focus on partnership and cooperation. Versatility. Our expertise in different financial areas allows us to offer all customers comprehensive and sophisticated solutions. Team Spirit. Our dedicated team of professionals has the advantage of the synergy of knowledge, potential, energy and creative insight of each team member. Vision VTB will be a champion in all our target markets. Identity VTB Group is the leading Russian financial institution with global presence and scale. VTB 2009 Annual Report 2 Statement of the Chairman of the Supervisory Council Dear shareholders, clients and partners, Looking back at 2009, we are pleased that within the overall context of the global economic crisis Russia managed to avoid the worst fears of the market. The domestic economy largely overcame the issues posed by the crisis and even entered the first stage of economic recovery. The current state of the national banking sector can also be considered in a positive light as, in general, it has already achieved stability. The measures undertaken by the Government and the Bank of Russia to support banks in the second half of 2008 and throughout 2009 generally overcame the lack of liquidity in the market and maintained the stability of the financial system by meeting the credit supply needs of the real economy.
  • Notes on Moscow Exchange Index Review

    Notes on Moscow Exchange Index Review

    Notes on Moscow Exchange index review Moscow Exchange approves the updated list of index components and free float ratios effective from 16 March 2018. X5 Retail Group N.V. (DRs) will be added to Moscow Exchange indices with the expected weight of 1.13 per cent. As these securities were offered initially, they were added without being in the waiting list under consideration. Thus, from 16 March the indices will comprise 46 (component stocks. The MOEX Russia and RTS Index moved to a floating number of component stocks in December 2017. En+ Group plc (DRs) will be in the waiting list to be added to Moscow Exchange indices, as their liquidity rose notably over recent three months. NCSP Group (ords) with low liquidity, ROSSETI (ords) and RosAgro PLC with their weights now below the minimum permissible level (0.2 per cent) will be under consideration to be excluded from the MOEX Russia Index and RTS Index. The Blue Chip Index constituents remain unaltered. X5 Retail Group (DRs), GAZ (ords), Obuvrus LLC (ords) and TNS energo (ords) will be added to the Broad Market Index, while Common of DIXY Group and Uralkali will be removed due to delisting expected. TransContainer (ords), as its free float sank below the minimum threshold of 5 per cent, and Southern Urals Nickel Plant (ords), as its liquidity ratio declined, will be also excluded. LSR Group (ords) will be incuded into SMID Index, while SOLLERS and DIXY Group (ords) will be excluded due to low liquidity ratio. X5 Retail Group (DRs) and Obuvrus LLC (ords) will be added to the Consumer & Retail Index, while DIXY Group (ords) will be removed from the Index.
  • Telfer W with Pr 800,000 Copper Signific Resourc

    Telfer W with Pr 800,000 Copper Signific Resourc

    4420 Newcrest Cover 04 6pp 16/9/04 9:52 AM Page 2 Telfer will be the largest gold mine in Australia, with projected annual production of more than 800,000 ounces of gold and 30,000 tonnes of copper for 24 years, positioning Newcrest as a significant and profitable Australian-based resources business. Newcrest Mining Limited Newcrest – The Sustainable Section 5 Resource Business 1 Sustainability and People 38 Section 1 Health and Safety 40 Our Results 2 Environment 42 Human Resources 43 Performance in Brief 2 Chairman’s Review 4 Section 6 ABN: 20 005 683 625 ABN: Managing Director and Corporate Governance 44 Chief Executive Officer’s Report 5 Board of Directors 45 Newcrest Senior Management 10 Corporate Governance 46 Financial Report 11 Section 7 Section 2 Concise Annual Report 2004 Financials 49 Operations 12 Directors’ Report 50 Cadia Valley Operations 14 Management Discussion and Analysis Ridgeway Gold/Copper Mine 14 of the Financial Statements 56 Cadia Hill Gold/Copper Mine 16 Statement of Financial Performance 58 Toguraci Gold Mine 19 Statement of Financial Position 59 Section 3 Statement of Cash Flows 60 Projects 22 Notes to the Concise Financial Report 61 Directors’ Declaration 68 Telfer Gold/Copper Project 24 Independent Audit Report 69 Cracow 26 Cadia East 28 Shareholder Information 70 Boddington Expansion Project 29 Five Year Summary 72 Section 4 Corporate Directory IBC Exploration 30 Strategy and Review 32 Mineral Resources and Ore Reserves 34 Newcrest Mining Limited Newcrest ABN: 20 005 683 625 Notice of Meeting Notice is hereby given that the 24th Annual General Newcrest Mining Limited Meeting will be held at the Hyatt Regency Hotel, Concise Annual Report 2004 99 Adelaide Terrace, Perth, Western Australia on Wednesday 27 October 2004 at 9.30am.
  • Russian Arctic 6/2019 15

    Russian Arctic 6/2019 15

    Russian Arctic 6/2019 DOI: 10.24411/2658-4255-2019-10063 ADULT INCIDENCE IN THE RUSSIAN EUROPEAN ARCTIC WITH DEVELOPED MINING AND METALLURGICAL INDUSTRY A. N. Nikanov, V.M. Dorofeev, L.V. Talykova, N.V. Sturlis, I.V. Gushin Kola Research Laboratory for Occupational Health, Kirovsk, Murmansk region, Russia [email protected] The purpose of the research. The research aims to assess the adult incidence within the mining complex in the Murmansk Region (the Russian Arctic). Materials and methods. The analysis of the adult incidence change in 1989- 1990, 1999-2000, 2009-2010 and 2014-2015 was carried out. To assess the population health status, the incidence data was used in this work. The research covers the territory of the municipal formations with the city-forming mining and metallurgical complex (MMC) enterprises in the Murmansk Region. Main results and conclusions. It has been established that between 1989 and 2015 the adult incidence in the MMC territories, as well as in the Murmansk Region at large, clearly tends to increase (the coefficient of determination R2>0,7) for the following disease categories: neoplasms; endocrine diseases; diseases of the blood and blood-forming organs; diseases of the nervous system and sense organs; diseases of the circulatory system; diseases of the genitourinary system; diseases of the musculoskeletal system and connective tissue; congenital malformations. There is no doubt that a set of climatic, geographical and production factors, along with the pollution of the natural environment within the MMC territories in the Murmansk Region, has a negative impact on the health status of the adult population, including working individuals.
  • Russia's Arctic Cities

    Russia's Arctic Cities

    ? chapter one Russia’s Arctic Cities Recent Evolution and Drivers of Change Colin Reisser Siberia and the Far North fi gure heavily in Russia’s social, political, and economic development during the last fi ve centuries. From the beginnings of Russia’s expansion into Siberia in the sixteenth century through the present, the vast expanses of land to the north repre- sented a strategic and economic reserve to rulers and citizens alike. While these reaches of Russia have always loomed large in the na- tional consciousness, their remoteness, harsh climate, and inaccessi- bility posed huge obstacles to eff ectively settling and exploiting them. The advent of new technologies and ideologies brought new waves of settlement and development to the region over time, and cities sprouted in the Russian Arctic on a scale unprecedented for a region of such remote geography and harsh climate. Unlike in the Arctic and sub-Arctic regions of other countries, the Russian Far North is highly urbanized, containing 72 percent of the circumpolar Arctic population (Rasmussen 2011). While the largest cities in the far northern reaches of Alaska, Canada, and Greenland have maximum populations in the range of 10,000, Russia has multi- ple cities with more than 100,000 citizens. Despite the growing public focus on the Arctic, the large urban centers of the Russian Far North have rarely been a topic for discussion or analysis. The urbanization of the Russian Far North spans three distinct “waves” of settlement, from the early imperial exploration, expansion of forced labor under Stalin, and fi nally to the later Soviet development 2 | Colin Reisser of energy and mining outposts.
  • Investor Presentation

    Investor Presentation

    Southern Copper Corporation November, 2018 0 I. Introduction 1 Safe Harbor Statement This presentation contains certain statements that are neither reported financial results nor other historical information. These estimates are forward-looking statements within the meaning of the safe-harbor provisions of the securities laws. These forward-looking estimates are subject to risk and uncertainties that could cause actual results to differ materially from the expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Southern Copper’s (SCC) ability to control or estimate precisely, such as future market conditions, commodity prices, the behavior of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this presentation. SCC does not undertake any obligation to publicly release any revision to these forward-looking estimates to reflect events or circumstances after the date of this presentation. 2 Corporate Structure 100.0% (*) AMERICAS MINING CORPORATION 88.9% (*) Public Float 11.1% (*) 99.29 % 99.96 % SCC Peru Branch Minera Mexico (*) As of September 30, 2018 3 Copper – The Best Fundamental Story in Commodities Solid Fundamentals Copper Consumption by Region ► Copper has the best fundamentals in the basic materials space: ― Expect 2.8% copper demand growth. 2018 demand driven by strong U. S. economic growth. ― Expect supply growth of 2% due to lack of projects. About 1/3 of world supply will discuss labor conditions. ― Our basic scenario does not consider an escalation of U.S.
  • RCN #33 21/8/03 13:57 Page 1

    RCN #33 21/8/03 13:57 Page 1

    RCN #33 21/8/03 13:57 Page 1 No. 33 Summer 2003 Special issue: The Transformation of Protected Areas in Russia A Ten-Year Review PROMOTING BIODIVERSITY CONSERVATION IN RUSSIA AND THROUGHOUT NORTHERN EURASIA RCN #33 21/8/03 13:57 Page 2 CONTENTS CONTENTS Voice from the Wild (Letter from the Editors)......................................1 Ten Years of Teaching and Learning in Bolshaya Kokshaga Zapovednik ...............................................................24 BY WAY OF AN INTRODUCTION The Formation of Regional Associations A Brief History of Modern Russian Nature Reserves..........................2 of Protected Areas........................................................................................................27 A Glossary of Russian Protected Areas...........................................................3 The Growth of Regional Nature Protection: A Case Study from the Orlovskaya Oblast ..............................................29 THE PAST TEN YEARS: Making Friends beyond Boundaries.............................................................30 TRENDS AND CASE STUDIES A Spotlight on Kerzhensky Zapovednik...................................................32 Geographic Development ........................................................................................5 Ecotourism in Protected Areas: Problems and Possibilities......34 Legal Developments in Nature Protection.................................................7 A LOOK TO THE FUTURE Financing Zapovedniks ...........................................................................................10