Closure of Nornickel’s plant, Barents region’s biggest air polluter

MINEX Forum | December 3, 2020
img0 Nornickel CEO Vladimir Potanin first announced the closure of the plant last fall, a move affecting about 800 workers. With just six weeks before the shutdown, only two workers have not chosen any of the options offered by the company. Damage to human health, the environment and cross-border relations with Norway have made the town of Nikel in the Murmansk ...

Nornickel moves to improve enviro risk management

MINEX Forum | November 27, 2020
img0 Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel, has launched an environmental risk management review in order to identify and better manage new climate change risks that are emerging. The announcement of a risk management review follows an independent report by consultancy ERM on its findings about what led to the May ...

Nordgold launches community forest initiative in Burkina Faso

MINEX Forum | November 16, 2020
img0 Nord Gold SE is financially and operationally supporting the development of a community forest in the province of Oubritenga in Burkina Faso. The Russian gold producer has 10 operating mines in Burkina Faso, Guinea, Russia and Kazakhstan and several development and exploration projects in West Africa, Eurasia and the Americas. The Oubritenga community forest project ...

Europe’s climate goal: Revolution

MINEX Forum | June 18, 2020
img0 his article is part of the special report The World in 2050. European Commission President Ursula von der Leyen likes to compare her Green Deal to “Europe’s man on the moon moment.” That’s almost certainly a galactic understatement. Cutting the Continent’s emissions to “net zero” — meaning Europe would sequester at least as much greenhouse gases as it ...

A $20 billion fund targets dirty bonds in its ESG strategy

MINEX Forum | June 16, 2020
img0 MP Pension of Denmark is looking into expanding its blacklist of fossil-fuel assets to encompass bonds, after confirming it has now exited oil stocks worth 870 million kroner ($131 million). Stocks banned from MP’s portfolio include Lukoil PJSC, ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras and Equinor. “None of the companies ...

Kazakhstan approves new green projects in a bid to cut fossil fuels in half by 2050

MINEX Forum | May 26, 2020
img0 Kazakhstan‘s new leadership, faced with concurrent challenges of volatile oil prices and the coronavirus pandemic, has approved nineteen new renewable energy projects worth $1.1 billion in the country’s latest effort to go green and diversify its energy supply. To date, there are already 97 operating renewable energy facilities in Kazakhstan, with over half of the ...

Central Asia Metals mulls renewables opportunities, releases inaugural sustainability report

MINEX Forum | April 23, 2020
img0 London-listed Central Asia Metals (CAML), which produces base metals essential for modern living, has commissioned independent consultants to conduct feasibility studies on the potential of building a renewable energy plant at its Kounrad operation, in Kazakhstan. The studies will consider the feasibility of using renewable energy, likely solar, to assist in meeting the operation’s electricity ...

Fossil-fuel giant Russia tiptoes toward low-carbon future

Anastasia Bogdanova | March 31, 2020
img0 ST. PETERSBURG, RUSSIA – Fossil fuel-rich Russia has for the first time set out a greener economic path for the coming three decades, in a long-term, low-carbon development plan released this week. It pledges to cut planet-warming emissions by a third by 2030 from 1990 levels, when the heavily industrial Soviet Union collapsed, although that represents ...

Europe’s plan to introduce a carbon import tax is forcing Russia to go green

Anastasia Bogdanova | March 9, 2020
img0 Europe wants to be carbon neutral by 2050, and is about to introduce a carbon import duty that is already forcing Russia’s biggest companies to speed up their efforts to go green. As part of the EU’s Green Deal launched last year, the European Commission (EC) published its European Climate Law on March 4 that includes a “Carbon Border ...

SkyNews: Government ‘failing to show leadership’ over plans for new coal mines

Anastasia Bogdanova | February 24, 2020
img0 Some residents in Northumberland are against plans to open a new site near Druridge Bay, which has a rich history of coal mining. Environmentalists and scientists have told Sky News that the government is failing to show leadership over the opening of new coal mines. Coal is one of the most carbon intensive fossil fuels ...