15 December ‘17

MMK recognised by The Ministry of Natural Resources and the Environment for its active environmental policy

The awards ceremony took place on the 12th December at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational Health and Safety and Environmental Protection, Grigory Schurov, received a certificate entitled “Active company involvement in the Year of Ecology” from Artem Sidorov, the head of the Federal Service for Supervision of Natural Resource Use.

As part of the cooperation agreement with state bodies, MMK successfully completed three large projects in the ‘Year of Ecology’, all aimed at reducing its environmental footprint:

-  In March, the reconstruction of the sulphur collection units in the sinter plant was completed, with a total investment of over 4 billion roubles. Over the course of the project, in 2010-2017, the emissions reductions totalled 24,700 tonnes.

-  In July, the reconstruction of a gas cleaning unit in the electric-furnace melting workshop was completed, following a total investment of 1.9 billion roubles. Thanks to this, dust emissions fell by 1,800 tonnes this year.

-  In July, a ventilation system for the foundry of blast furnace No. 10 was built. The cost totalled 493 million roubles and will allow for a reduction of dust emissions by 190 tonnes a year.

In total, PJSC MMK carried out 31 initiatives focused on air protection and 16 initiatives focused on water protection. It also processed 11.2 million tonnes of smelter slag through specialised plants, planted 5,000 trees and 20,000 bushes, in cooperation with Magnitogorsk city administration and re-cultivated more than 20,000 sqm of disturbed land.

“From 2007 to 2017, Magnitogorsk Iron and Steel Works’ has invested around 20 billion roubles in environmental protection, including 4 billion roubles in 2017, which is a record level for recent years.” - According to Grigory Schurov, at a meeting of the Ministry of Natural Resources’ Federal Environmental Council.

At the moment, the company is implementing a strategic initiative called ‘Clean City’, which should ensure a low level of air pollution in Magnitogorsk by 2025; bringing the complex index below 5 units.

As part of the long-term and sustainable development of the company, MMK’s strategy focuses on implementing the best available technologies in order to continually reduce and in turn prevent any harmful impact on the environment. In the period up to 2025, MMK plans to spend more than 35 billion roubles on its environmental policy.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.

Investor Relations Department:

Andrey Serov, Head of IR

tel.: +7 (3519) 24-52-97

E-mail: serov.ae@mmk.ru

Communications Department:

Dmitry Bulin

tel.: +7 (499) 238-26-13

E-mail: bulin.dn@mmk.ru

Dmitry Kuchumov

tel.: +7 (499) 238-26-13

E-mail: kuchumov.do@mmk.ru


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