Polymetal International plc: Full disclosure on tailings storage facilities (813199)
20 Mayo 2019 - 1:00AM
UK Regulatory
Polymetal International plc (POLY)
Polymetal International plc: Full disclosure on tailings storage facilities
20-May-2019 / 09:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Release time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 20 May 2019
Polymetal International plc
Full disclosure on tailings storage facilities
Polymetal has today provided full disclosure on its tailings storage
facilities management in response to a request from the Church of England
Pensions Board and the Swedish Council on Ethics for the AP Funds.
As of today, Polymetal operates 9 tailings storage facilities (TSF) at 7
operating mine sites in Russia and Kazakhstan, and 2 dry stack facilities.
To date, there have been no environmental accidents involving tailings
facilities at the Company's operations.
All of Polymetal's TSFs undergo regular audits for compliance with
environmental legislation requirements as well as safety examinations to
prevent accidents and eliminate causes of dam failure. TSFs are regularly
monitored by our on-site environmental and engineering teams. Pipelines,
pump stations, water levels and dams are inspected on a daily basis.
Polymetal ensures emergency preparedness and response procedures at all
stages of TSFs lifespan.
In 2018, the Company improved control and increased the rigour of assessment
and management of tailings storage facilities, including emergency response
plans.
The Company is increasingly shifting towards safer methods of waste storage,
particularly dry stack (filtered cake) tailings. This technology
significantly reduces the probability of dam failure, minimises potential
damages in case of an accident, and eliminates tailings run-off. Polymetal
plans to use dry stacking at all new projects where it is possible. For the
two projects currently in construction, Nezhda and POX-2, tailings will be
dry stacked.
Polymetal fully supports the need for greater transparency in the mining
sector and discloses full details on each of its TSF and how they are
managed. The full TSF management disclosure is available at
https://www.polymetalinternational.com/en/sustainability/environment/#waste
[1].
About Polymetal
Polymetal International plc (LSE, MOEX, AIX: POLY, ADR: AUCOY) (together
with its subsidiaries - "Polymetal", the "Company", or the "Group") is a
top-20 global gold producer and top-5 global silver producer with assets in
Russia and Kazakhstan. The Company combines strong growth with a robust
dividend yield.
Enquiries
Media Investor Relations
FTI +44 20 3727 Polymetal ir@polymetalinternational.com
Consulting 1000
Eugenia +44 20 7016 9505 (UK)
Leonid Fink Onuschenk
o
Viktor
Pomichal Timofey
Kulakov
+7 812 334 3666 (Russia)
Michael
Vasiliev
Joint Corporate Brokers
Morgan +44 20 7425 RBC +44 20 7653 4000
Stanley 8000 Europe
Limited
Andrew
Foster Marcus
Jackson
Richard
Brown Jamil
Miah
Panmure
Gordon +44 20 7886
2500
Charles
Lesser
James
Stearns
FORWARD-LOOKING STATEMENTS
THIS RELEASE MAY INCLUDE STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE,
"FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS
AT THE DATE OF THIS RELEASE. THESE FORWARD-LOOKING STATEMENTS CAN BE
IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE WORDS
"TARGETS", "BELIEVES", "EXPECTS", "AIMS", "INTENDS", "WILL", "MAY",
"ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR, IN
EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY DISCUSSION OF STRATEGIES,
PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING
STATEMENTS ALL INCLUDE MATTERS THAT ARE NOT HISTORICAL FACTS. BY THEIR
NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER IMPORTANT FACTORS BEYOND THE COMPANY'S CONTROL THAT
COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY
TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH
FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE
COMPANY'S PRESENT AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN
WHICH THE COMPANY WILL OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE
NOT GUARANTEES OF FUTURE PERFORMANCE. THERE ARE MANY FACTORS THAT COULD
CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO DIFFER
MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE
COMPANY EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY
UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO
REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY
CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS
ARE BASED.
ISIN: JE00B6T5S470
Category Code: MSCH
TIDM: POLY
Sequence No.: 8698
EQS News ID: 813199
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c89dbe166883c47d7e7be582bed946a7&application_id=813199&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 20, 2019 02:00 ET (06:00 GMT)
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