DOCSLIB.ORG

En+ Group 2017 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
En+ Group 2017 Annual Report En+ Group 2017 Annual Report En+ Group | 2017 Annual Report About the Report In this Annual Report, the terms “En+”, “En+ Group”, “we”, the “Company” and the “Group” in various forms shall mean En+ Group plc and its subsidiaries whose results are included in the consolidated financial statements prepared in accordance with the International Financial Reporting Standards. This is the Annual Report of En+ Group plc. The Annual Report explains the Company’s strategy, business model, internal control and risk management processes currently in place. These documents, however, are being constantly reviewed and internally updated given the uncertainty, created by the imposition of certain limitations by the Office of Foreign Assets Control of the U.S. Treasury (OFAC). The Company, thus, considers that it is not in a position to provide a comprehensive performance outlook due to the magnitude of the OFAC sanctions and their potential effect on the Group’s operations and business performance. The Corporate Governance section covers the role and activities of the Board of Directors (BoD), committees of the BoD and management team in running the business. The detailed Financials, accompanied by a report from the Group’s auditors, complete the Annual Report. Unless stated otherwise, financial results included in the 2017 Annual Report are presented and calculated based on the consolidated financial statements prepared in accordance with the International Financial Reporting Standards. Some numbers in the tables, charts and diagrams hereof may differ from the sums of addends due to rounding. The En+ Group Annual Report was approved by the Board of Directors on 27 April 2018. 2 En+ Group | 2017 Annual Report WARNING The information presented in this Annual Report only reflects the Company’s position during the review period from 1 January 2017 to 31 December 2017 (the “Review Period”) pursuant to the requirements of the Listing Rules (“LR”) published by the UK’s Financial Conduct Authority (the “FCA”) in its capacity as competent authority under the Financial Services and Markets Act 2000 (as amended) and the FCA’s Disclosure Guidance and Transparency Rules (“DTRs”) (the LR and the DTR together being the “Rules”) (unless otherwise specified). Accordingly, all forward-looking statements, analyses, reviews, discussions, commentaries and risks presented in this Annual Report (save for this Warning, “Recent Development of the Company” and “Corporate Governance” sections and unless otherwise specified) are based upon the financial information of the Company covering the Review Period only and not thereafter. Shareholders and potential investors should be aware that on 6 April 2018, the Office of Foreign Assets Control of the Department of the Treasury of the United States of America (the “U.S. Treasury”) designated, amongst others, certain persons and certain companies which are controlled or deemed to be controlled by some of these persons to be added to its Specially Designated Nationals List (the “OFAC Sanctions”). The designated persons/entities include Mr. Oleg Deripaska, a non-executive director of the Company and its ultimate beneficial owner, the Company, United Company RUSAL Plc. (the “UC RUSAL”), JSC Eurosibenergo and two of the Company’s direct major shareholders, B-Finance Ltd., a BVI company, and Basic Element Limited, a Jersey company, each controlled by Mr. Deripaska. A press statement issued by the U.S. Treasury in respect of the OFAC Sanctions on 6 April 2018 states that: “All assets subject to U.S. jurisdiction of the designated individuals and entities, and of any other entities blocked by operation of law as a result of their ownership by a sanctioned party, are frozen, and U.S. persons are generally prohibited from dealings with them. Additionally, non-U.S. persons could face sanctions for knowingly facilitating significant transactions for or on behalf of the individuals or entities blocked today.” As stated in the announcement of the Company dated 9 April 2018, the Company’s initial assessment is that it is highly likely that the impact of the OFAC Sanctions on the Group may be materially adverse to the business and prospects of the Group. The Company is currently in the process of conducting further evaluation to assess the impact of the OFAC Sanctions on the Group and is closely monitoring the development. Further announcements will be published by the Company as and when appropriate in accordance with the requirements of the Rules and applicable laws and regulations. Shareholders and potential investors should be aware that the information presented in this Annual Report (save for this Warning, the “Recent Development of the Company” and “Corporate Governance” sections, and unless otherwise specified) does not take into account the OFAC Sanctions or any potential impact which the OFAC Sanctions may have on the Company or the Group. Accordingly, the information presented in this Annual Report (save for this “Warning”, the “Recent Development of the Company” and “Corporate Governance” sections, and unless otherwise specified), including but not limited to all forward-looking statements, analyses, reviews, discussions, commentaries and risks, does not reflect the latest position (financial or otherwise) of the Group. Given the global nature of the business of the Group, the international politico-economic dimension of the OFAC Sanctions and the potential cross-jurisdictional implications of the OFAC Sanctions, this matter is continually evolving. GDR holders, shareholders and potential investors are, therefore, strongly advised to make reference to the latest announcements (i.e. announcements issued by the Company on and after 9 April 2018) issued by the Company before dealing in the securities of the Company. GDR holders, shareholders and potential investors should exercise extreme caution when dealing in the securities of the Company. If in doubt, they are strongly advised to consult their stockbrokers, bank managers, solicitors and/or other professional advisers before dealing in the securities of the Company. 3 En+ Group | 2017 Annual Report Contents Recent Development of the Company ....................................................................................................... 5 Key figures ................................................................................................................................................... 6 Business Model and Strategy ..................................................................................................................... 7 Chairman’s Statement ................................................................................................................................ 8 Operational Performance ........................................................................................................................... 9 Metals Segment ........................................................................................................................................ 9 Market Overview................................................................................................................................... 9 Business Overview .............................................................................................................................. 11 Assets Overview .................................................................................................................................. 17 Energy Segment ..................................................................................................................................... 18 Market Overview................................................................................................................................. 18 Business Overview .............................................................................................................................. 20 Assets Overview .................................................................................................................................. 22 Management Discussion and Analysis ..................................................................................................... 23 Corporate Social Responsibility ............................................................................................................... 50 Internal Control and Risk Management ................................................................................................. 57 Internal Control .................................................................................................................................... 57 Risk Management .................................................................................................................................. 58 Corporate Governance ............................................................................................................................. 62 Board of Directors ................................................................................................................................. 63 Management Team ................................................................................................................................ 66 Board Responsibilities .......................................................................................................................... 67 Committees ...........................................................................................................................................
Load more

Recommended publications
  • Northern Sea Route Cargo Flows and Infrastructure- Present State And
    Northern Sea Route Cargo Flows and Infrastructure – Present State and Future Potential By Claes Lykke Ragner FNI Report 13/2000 FRIDTJOF NANSENS INSTITUTT THE FRIDTJOF NANSEN INSTITUTE Tittel/Title Sider/Pages Northern Sea Route Cargo Flows and Infrastructure – Present 124 State and Future Potential Publikasjonstype/Publication Type Nummer/Number FNI Report 13/2000 Forfatter(e)/Author(s) ISBN Claes Lykke Ragner 82-7613-400-9 Program/Programme ISSN 0801-2431 Prosjekt/Project Sammendrag/Abstract The report assesses the Northern Sea Route’s commercial potential and economic importance, both as a transit route between Europe and Asia, and as an export route for oil, gas and other natural resources in the Russian Arctic. First, it conducts a survey of past and present Northern Sea Route (NSR) cargo flows. Then follow discussions of the route’s commercial potential as a transit route, as well as of its economic importance and relevance for each of the Russian Arctic regions. These discussions are summarized by estimates of what types and volumes of NSR cargoes that can realistically be expected in the period 2000-2015. This is then followed by a survey of the status quo of the NSR infrastructure (above all the ice-breakers, ice-class cargo vessels and ports), with estimates of its future capacity. Based on the estimated future NSR cargo potential, future NSR infrastructure requirements are calculated and compared with the estimated capacity in order to identify the main, future infrastructure bottlenecks for NSR operations. The information presented in the report is mainly compiled from data and research results that were published through the International Northern Sea Route Programme (INSROP) 1993-99, but considerable updates have been made using recent information, statistics and analyses from various sources.
    [Show full text]
  • 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.
    [Show full text]
  • Fertility and Women Life Expectancy in Krasnoyarsk Territory: Social and Economic Transition and Intraregional Demographic Response
    Journal of Siberian Federal University. Humanities & Social Sciences 11 (2016 9) 2742-2755 ~ ~ ~ УДК [314.1/.4+612.663]-055.2(571.51) Fertility and Women Life Expectancy in Krasnoyarsk Territory: Social and Economic Transition and Intraregional Demographic Response Marina E. Rublevaa*, Vladimir F. Mazharovb,c, Vladimir L. Gavrikova and Rem G. Khleboprosa,d a Siberian Federal University 79 Svobodny, Krasnoyarsk, 660041, Russia b Research Institute for Complex Problems of Hygiene and Occupational Diseases Novokuznetsk-Krasnoyarsk c Krasnoyarsk State Medical University named after Prof. V.F. Voino-Yasenetsky 1 Partizan Zheleznyak Str., Krasnoyarsk, 660022, Russia d International Scientific Research Center for Extreme Conditions of Organism Krasnoyarsk Scientific Center SB RAS 50 Akademgorodok, Krasnoyarsk, 660036, Russia Received 06.07.2016, received in revised form 28.08.2016, accepted 07.10.2016 Demographic processes are often studied one-dimensionally, i.e. the processes are described through dynamics of one demographic parameter. Meanwhile, relationships between different demographic parameters are of general interest. Tolstikhina et al. (Tolstikhina, Gavrikov, Khlebopros, Okhonin, 2013) showed that fertility and life expectancy are negatively correlated among countries of the world. The same relationship of fertility and life expectancy has been studied by us in this research at an intraregional level through the example of Krasnoyarsk Territory. The demographic data from 1995 to 2013 have been used to describe dynamics of the relationship. The main method used was weighted fitting of the data by a linear function, with weights being the population of the territory administrative regions. No statistically significant relationship between the fertility and female life expectancy has been found in 1995, i.e.
    [Show full text]
  • 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.
    [Show full text]
  • Industrial Framework of Russia. the 250 Largest Industrial Centers Of
    INDUSTRIAL FRAMEWORK OF RUSSIA 250 LARGEST INDUSTRIAL CENTERS OF RUSSIA Metodology of the Ranking. Data collection INDUSTRIAL FRAMEWORK OF RUSSIA The ranking is based on the municipal statistics published by the Federal State Statistics Service on the official website1. Basic indicator is Shipment of The 250 Largest Industrial Centers of own production goods, works performed and services rendered related to mining and manufacturing in 2010. The revenue in electricity, gas and water Russia production and supply was taken into account only regarding major power plants which belong to major generation companies of the wholesale electricity market. Therefore, the financial results of urban utilities and other About the Ranking public services are not taken into account in the industrial ranking. The aim of the ranking is to observe the most significant industrial centers in Spatial analysis regarding the allocation of business (productive) assets of the Russia which play the major role in the national economy and create the leading Russian and multinational companies2 was performed. Integrated basis for national welfare. Spatial allocation, sectorial and corporate rankings and company reports was analyzed. That is why with the help of the structure of the 250 Largest Industrial Centers determine “growing points” ranking one could follow relationship between welfare of a city and activities and “depression areas” on the map of Russia. The ranking allows evaluation of large enterprises. Regarding financial results of basic enterprises some of the role of primary production sector at the local level, comparison of the statistical data was adjusted, for example in case an enterprise is related to a importance of large enterprises and medium business in the structure of city but it is located outside of the city border.
    [Show full text]
  • Monitoring Oil Spill in Norilsk, Russia Using Satellite Data Sankaran Rajendran1*, Fadhil N
    www.nature.com/scientificreports OPEN Monitoring oil spill in Norilsk, Russia using satellite data Sankaran Rajendran1*, Fadhil N. Sadooni1, Hamad Al‑Saad Al‑Kuwari1, Anisimov Oleg2, Himanshu Govil3, Sobhi Nasir4 & Ponnumony Vethamony1 This paper studies the oil spill, which occurred in the Norilsk and Taimyr region of Russia due to the collapse of the fuel tank at the power station on May 29, 2020. We monitored the snow, ice, water, vegetation and wetland of the region using data from the Multi‑Spectral Instruments (MSI) of Sentinel‑2 satellite. We analyzed the spectral band absorptions of Sentinel‑2 data acquired before, during and after the incident, developed true and false‑color composites (FCC), decorrelated spectral bands and used the indices, i.e. Snow Water Index (SWI), Normalized Diference Water Index (NDWI) and Normalized Diference Vegetation Index (NDVI). The results of decorrelated spectral bands 3, 8, and 11 of Sentinel‑2 well confrmed the results of SWI, NDWI, NDVI, and FCC images showing the intensive snow and ice melt between May 21 and 31, 2020. We used Sentinel‑2 results, feld photographs, analysis of the 1980–2020 daily air temperature and precipitation data, permafrost observations and modeling to explore the hypothesis that either the long‑term dynamics of the frozen ground, changing climate and environmental factors, or abnormal weather conditions may have caused or contributed to the collapse of the oil tank. Te oil spill detection and tracking through satellite sensors have remarkable advances in utilizing the visible, shortwave to thermal infrared (optical) and the microwave radar bands. Surface identifcation and mapping of an oil spill are essential to evaluate the potential spread and foat from the source to the adjacent areas or endpoints1,2.
    [Show full text]
  • Load Article
    Arctic and North. 2018. No. 33 55 UDC [332.1+338.1](985)(045) DOI: 10.17238/issn2221-2698.2018.33.66 The prospects of the Northern and Arctic territories and their development within the Yenisei Siberia megaproject © Nikolay G. SHISHATSKY, Cand. Sci. (Econ.) E-mail: [email protected] Institute of Economy and Industrial Engineering of the Siberian Department of the Russian Academy of Sci- ences, Kransnoyarsk, Russia Abstract. The article considers the main prerequisites and the directions of development of Northern and Arctic areas of the Krasnoyarsk Krai based on creation of reliable local transport and power infrastructure and formation of hi-tech and competitive territorial clusters. We examine both the current (new large min- ing and processing works in the Norilsk industrial region; development of Ust-Eniseysky group of oil and gas fields; gasification of the Krasnoyarsk agglomeration with the resources of bradenhead gas of Evenkia; ren- ovation of housing and public utilities of the Norilsk agglomeration; development of the Arctic and north- ern tourism and others), and earlier considered, but rejected, projects (construction of a large hydroelectric power station on the Nizhnyaya Tunguska river; development of the Porozhinsky manganese field; place- ment of the metallurgical enterprises using the Norilsk ores near Lower Angara region; construction of the meridional Yenisei railroad and others) and their impact on the development of the region. It is shown that in new conditions it is expedient to return to consideration of these projects with the use of modern tech- nologies and organizational approaches. It means, above all, formation of the local integrated regional pro- duction systems and networks providing interaction and cooperation of the fuel and raw, processing and innovative sectors.
    [Show full text]
  • What's So Bad About Norilsk Nickel Factory?
    Norilsk Nickel Factory Transforming the City of Horror Location: Norilsk, Krasnoyarsk Krai, Russia Population affected: 177,506 Macaulay Honors College Students: Alasdair McLean, Ellianna Schwab, Kevin Call, Revital Schechter Instructor: Dr. Angelo Lampousis, Department of Earth and Atmospheric Sciences, City College of New York, CUNY Introduction Challenges to Fixing the Situation A former Soviet Gulag camp, Norilsk is now a long forgotten, poverty-stricken town in the Arctic Circle. The one hundred seventy-seven thousand residents live in a nearly uninhabitable climate, but it is something else that truly endangers them. N • Norilsk Nickel is a prime employer in the city, so a majority of residents rely on the The city, located in the Krasnoyarsk Krai region of Russia, is home to one of the world’s largest suppliers of heavy metals, 6 Norilsk Nickel. This massive company does little to temper its environmental impact, blighting the surrounding wildlife factory as a source of income, even though they are not paid fair wages. despite numerous calls of action from federal agencies and local support. Currently the company is estimated to produce • The city itself is remote and hard to reach, located 200 km north of the Arctic Circle, 6 1% (2x106 tons) of global sulfur dioxide emissions, a gas that is known to cause acid rain and respiratory problems to those causing it to be naturally isolated. exposed. The health of Norilsk’s residents is directly impacted, indicated by a life expectancy of only 46 years. Although • In 2001, Norilsk was declared a closed city once again. The government does not allow tourists to come in, and the only visitors must be invited by the government or have citizens of Norilsk recognize the hazards of where they live, the greater majority of the population is incapable of leaving 11 due to extreme poverty.
    [Show full text]
  • Subject of the Russian Federation)
    How to use the Atlas The Atlas has two map sections The Main Section shows the location of Russia’s intact forest landscapes. The Thematic Section shows their tree species composition in two different ways. The legend is placed at the beginning of each set of maps. If you are looking for an area near a town or village Go to the Index on page 153 and find the alphabetical list of settlements by English name. The Cyrillic name is also given along with the map page number and coordinates (latitude and longitude) where it can be found. Capitals of regions and districts (raiony) are listed along with many other settlements, but only in the vicinity of intact forest landscapes. The reader should not expect to see a city like Moscow listed. Villages that are insufficiently known or very small are not listed and appear on the map only as nameless dots. If you are looking for an administrative region Go to the Index on page 185 and find the list of administrative regions. The numbers refer to the map on the inside back cover. Having found the region on this map, the reader will know which index map to use to search further. If you are looking for the big picture Go to the overview map on page 35. This map shows all of Russia’s Intact Forest Landscapes, along with the borders and Roman numerals of the five index maps. If you are looking for a certain part of Russia Find the appropriate index map. These show the borders of the detailed maps for different parts of the country.
    [Show full text]
  • Sustainability Report for 2014
    UC RUSAL Sustainability Report for 2014 August 2015 RUSAL Sustainability Report 2014 Contents A message from the CEO 4 1 About the Company 5 1.1 Business overview 6 1.3 Key performance indicators 9 1.4 Milestones 11 2 Management system 13 2.1 Corporate governance 13 2.2 Internal controls and risk management 17 2.3 The Business System of UC RUSAL 21 2.4 Quality management 26 2.5 Supply chain 30 2.6 Research and technological development 35 3 Environmental protection 39 3.1 Approach 39 3.2 Climate change 42 3.3 Land and biodiversity 43 3.4 Water 46 3.5 Energy 49 3.6 Air 50 3.7 Waste 53 3.8 Investments in environmental protection 57 3.9 Plans for 2015 and the medium-term outlook 59 4 Occupational health, industrial and fire safety 60 4.1 Approach 60 4.2 Management system 60 4.3 Measures 63 4.4 Performance 65 4.5 Plans for 2015 and the medium-term outlook 69 5 Employees 70 5.1 Approach 70 5.2 Staff structure and plans for 2015 73 5.3 Recruitment 75 5.4 Training and development 76 5.5 Incentive system 79 5.6 Social security 80 6 Stakeholder relations 81 6.1 Participation in industry initiatives and forums 81 6.2 Key topics and forms of stakeholder engagement 82 7 Investments in developing local communities 85 7.1 Strategic approach to developing local communities 85 7.2 Key results of 2014 86 7.3 Plans for 2015 and the medium-term outlook 93 8 GRI Table and compliance with UN Global Compact principles 94 UC RUSAL Sustainability report 2014 A message from the CEO Dear shareholders, partners and colleagues! I have the honour to present for your attention UC RUSAL’s ninth Sustainability Report, which is prepared in accordance with the provisions of GRI Guidelines and UN Global Compact principles.
    [Show full text]
  • Arctic Entrepreneurship Development Factors
    Alexander N. Pilyasov1* 1 Institute of Regional Consulting, Moscow, Russia *Corresponding author: [email protected] ARCTIC ENTREPRENEURSHIP DEVELOPMENT FACTORS ABSTRACT. When studying Arctic entrepreneurship, the researcher encounters many paradoxes. Against the background of a powerfully developed topic of entrepreneurship and entrepreneurship in regional science, the layer of work on the entrepreneur in the Arctic is extremely thin. What is even worse – well-known mainstream theories turns out to be unsuitable for the study of Arctic entrepreneurship. Under these conditions, the only way out for a researcher is to attach to a zonal paradigm and recognize the Arctic as an anti-mainland, and Arctic entrepreneur as the full antipode of a continental fellow. The adherence to the zonal paradigm removes contradictions and equips the researcher with a comparative method to elaborate all facets of the Arctic exceptionalism in the figure of the entrepreneur. The entrepreneur here is understood as a close «relative» to the indigenous peoples and the entire Arctic economy, the Arctic environment, and their specific behavioral traits and adaptation strategies to natural and economic extremes. The most important factors in the development of entrepreneurship in the Arctic, which create a mosaic picture of situations in the Arctic territories, are: the geographical location – an island or quasi-mainland position; the presence of large resource corporations and a specific stage of their exploitation of the resource field; the institutional structure of the local economy in terms of the degree of nationalization. The cumulative impact of these factors creates a multi-faceted picture, when the Murmansk oblast is at one pole of the extreme favorable conditions for business, and the Chukotka autonomous okrug is at the other extreme hardness.
    [Show full text]
  • Norilsk Nickel Group
    NORILSK NICKEL CUSTOMER PROFILE – RUSSIA February 2018 COMPANY BACKGROUND Norilsk Nickel Group is the world’s largest producer of nickel accounting for 20 per cent of global production including palladium and one of the world’s leading producers of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Its largest operations are located in the Krasnoyarsky region and the Murmansk region, in Northern Russia. The Group is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals; as well as in production, marketing and sale of base and precious metals. The Group has assets in three continents and five countries: Russia, Australia, Botswana, South Africa and Finland. nornik.ru MAJOR OPERATING DIVISIONS The main Russian production units of the Group are vertically integrated and include: • The Polar Division • Kola Mining and Metallurgical Company (Kola MMC) The Group also includes: • Norilsk Nickel Harjavalta, the only nickel refining plant in Finland • Tati Nickel Mining Company in Botswana (85 per cent) and Nkomati in South Africa (50 per cent) • A license for development of the Honeymoon Well Deposit in Australia • Norilsk Process Technology, a research and development facility in Australia • Gipronickel Institute, a research and development facility located in Saint Petersburg (Russia), with branches in the cities of Norilsk and Monchegorsk The Polar Division is located in Russia, above the Polar Circle on the Taimyr Peninsula (Krasnoyarsky Region). The Polar Division is linked with the country’s other regions by inland waterways such as the Yenisey River, marine transport via the Northern Sea Route and air transport.
    [Show full text]