MMK ranked in top 10 in Russian environmental performance rating
In the rankings for the first half of 2018, MMK rose up the list by two places, taking seventh place. In total, 33 companies in the fuel&energy and metallurgical sectors of the economy feature on the full list.
The experts were highly impressed by MMK’s corporate environmental programme, as well as the set of initiatives featured on MMK’s strategic initiative ‘Clean City’. This includes reducing the level of air pollution in Magnitogorsk from a ‘critical level’ in 2017 to a ‘low level’ by 2025, bringing it in-line with the favourable environmental standards.
Among MMK's environmental projects, the judges were particularly impressed by the construction of a new sinter plant which will be equipped with modern treatment facilities. With its launch in 2019 and the decommissioning of the old sinter plant No. 4, the environmental effects will be as follows:
- Dust emissions into the atmosphere would be reduced by 2,075 tonnes/year (that includes 490 tonnes/year of vented emissions and 1,585 tonnes/year of fugitive emissions) and sulphur dioxide emissions would will be reduced by 3,500 tonnes/year.
- Suspended materials emissions into circulating water system would decline by 600 tonnes per year.
- 13,750 tonnes/year of sludge from sulphur capture units will be recovered and turned into commercial plaster.
In 2018, MMK’s total investment into environmental initiatives is expected to amount to 5.7 billion rubles, up 36% from 2017. In total, the Company intends to invest more than 38 billion rubles into environmental initiatives by 2025. In addition to the radical reduction of air emissions, MMK’s environmental programme aims to eliminate the deposit of industrial effluents into the Magnitogorsk reservoir and to ensure environmentally safe waste disposal and reclamation of effected lands.
The Living Planet and MOMRI rating is intended to demonstrate the importance of environmental awareness among Russian companies, as well as to encourage the use of environmental initiatives as a way of positioning companies in the market and within society.
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 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.
Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru
Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru