Norilsk Nickel CEO Denis Morozov on Sustainable Mining

OJSC MMC Norilsk Nickel General Director, Chairman of the Management Board Denis S. MorozovThe following excerpt by General Director, Chairman of the Management Board Denis S. Morozov is from the OJSC MMC Norilsk Nickel 2007 Social Report which is available at: Norilsk Nickel 2007 Social Report

Dear readers,

OJSC MMC Norilsk Nickel is pleased to present the social report for 2007 which represents another step forward by the company in disclosing information regarding various aspects of its operations and activities concerned with sustainable development. At the core of our development strategy and our everyday business is the belief that consistent observance of social responsibility principles is a prerequisite for sustained and effective development of business.

In 2007, the Company continued the successful implementation of the adopted development strategy, modernised the existing production facilities, provided for further development of the unique resource base and entry to the Russia’s new regions.

In 2007, the Company significantly expanded the geography of its operations. OJSC MMC Norilsk Nickel successfully completed the transaction to acquire nickel business of OM Group Inc. and consolidated 100% shares of LionOre Mining International Ltd.1

The purchase of LionOre is the largest foreign acquisition in the history of Russian business. Today, MMC Norilsk Nickel is a leader of international metal markets with excellent outlook for further development.

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Pollution Prevention Avoids Future Problems – (Digging Through the Sudbury Soils Study) – By Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Designing Out Trouble

(Final instalment of a four-part series) Sudbury Soils Study

Both Vale Inco and Xstrata have committed to being part of the solution and not the problem. They said that in a joint news release on May 13 after the release of the Sudbury Soil Study Human Risk Assessment.

The first necessity is better information about what emissions, such as dust, are being released.

Before the Sudbury Soils Study, the Ontario Ministry of Environment (MOE) conducted monitoring of air emissions at Nickel Street in Copper Cliff and Lisgar Street in Sudbury. In 2003, both companies agreed to fund an expanded air monitoring program, including samples of particulate matter (PM10) which is thought to be more relevant for inhalation into a persons’ lungs. In 10 locations, 20 monitors were set up. That data was used in the Sudbury Soil Study.

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