Press statement on the current situation with Nornickel

Moscow, 14 July 2020 – RUSAL is seriously concerned about the events of the past month, which include a series of ecological disasters and accidents in Norilsk.

What is currently happening at Nornickel invites to seriously question the competence of the company’s management as well as their suitability to be in charge of running the business. Another question is aimed at the Board of Directors and their seeming inability to have any influence on the ongoing situation. One has to wonder whether they realise that through their collective inertia, this is likely to lead to severe and damaging criticism from the environmental and investment communities.

We have presented the Board of Directors of Nornickel with a proposal to accept a resolution demanding that Vladimir Potanin, as the managing partner, changes the management team, relocates the company headquarters to Norilsk and overhauls corporate policies towards environmental and safety issues.

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