Norilsk Nickel to Begin Work on Pollution Reduction Facility in 2016

Bloomberg reported that Norilsk Nickel (MCX:GMKN), the world’s largest nickel miner and reportedly the biggest contributor to sulphur-dioxide pollution, is planning to initiate the first stage of a facility aimed at reducing these emissions in 2016.

As quoted in the market news:

The company needs to cut emissions at its Polar unit to 425,000 metric tons from 1.91 million tons with the aid of the sulphur recovery-and-storage plant, Konstantin Mashkovich, head environmental regulation, told reporters in London today without giving a timeline for full completion of the facility.

Norilsk, the world’s biggest nickel miner, is spending $2 billion to cut emissions on top of the more than $2.4 billion it invested from 2007 through 2011, according to a presentation.

It signed a deal with Italy’s Techint Group to develop a $1.8 billion sulphur dioxide-capture project at the Polar unit, Norilsk said in July. It aims to cut emissions at its Zapolyarny site to 1,400 tons a year from 40,000, the presentation showed.

Click here to read the full Bloomberg report.