{"id":1150091,"date":"2019-11-15T14:02:19","date_gmt":"2019-11-15T20:02:19","guid":{"rendered":"https:\/\/www.mining.com\/?p=1006971"},"modified":"2019-11-15T14:02:19","modified_gmt":"2019-11-15T20:02:19","slug":"russian-steel-giant-mmk-to-spend-600-million-on-environmental-projects","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1150091","title":{"rendered":"Russian steel giant MMK to spend $600 million on environmental projects"},"content":{"rendered":"<p>During the&nbsp;company\u2019s Capital Markets Day in London on Friday,&nbsp;Magnitogorsk Iron &amp; Steel PJSC, (MMK) Russia\u2019s oldest steelmaker, <a href=\"http:\/\/eng.mmk.ru\/press_center\/76729\/\"  rel=\"noreferrer noopener\" aria-label=\"told analysts, investors and press (opens in a new tab)\">told analysts, investors and press<\/a> that its strategy is focused on sustainable development principles which&nbsp;\u201creflect a balance between improvement in operational and financial performance and social responsibility,&nbsp;along with environmental protection.\u201d&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>A key strategic priority of MMK is to improve the environmental situation in Magnitogorsk, the steel giant said.&nbsp;<\/p>\n<p>\u00a0\u201cWe continue to implement our large-scale investment\u00a0programme\u00a0focused on upgrading and improving efficiency of sinter, coke and blast-furnace production processes.\u00a0In particular, this\u00a0is supported by using the best available technologies,\u201d\u00a0said\u00a0chairman of the\u00a0board of\u00a0directors\u00a0Vi\u0441tor\u00a0Rashnikov.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Since 2000, the company has reduced its impact on the city\u2019s air by half, while reducing discharge of pollutants into water fivefold <\/p>\n<\/blockquote>\n<\/figure>\n<p>Since 2000, the company has reduced its impact on the city\u2019s air by half, while reducing discharge of pollutants into water fivefold, it said.&nbsp;&nbsp;<\/p>\n<p>Earlier this month, MMK announcedThe Comprehensive Air Quality Index (CAQI) indicator for Magnitogorsk has<a rel=\"noreferrer noopener\" aria-label=\" almost halved over the past two years (opens in a new tab)\" href=\"http:\/\/eng.mmk.ru\/press_center\/76592\/\" > almost halved over the past two years<\/a>, official data shows, indicating a twofold improvement in air quality. The reading is the lowest in the history of Magnitogorsk. <\/p>\n<p>But before 2000, MMK was known as a serial polluter, with&nbsp;steel factories near Russia\u2019s Urals Mountains&nbsp;so polluting that the snow-capped peaks turned shades of reddish brown from rust and soot, Bloomberg reported.&nbsp;&nbsp;<\/p>\n<p>MMK cleaned up the mountains starting in the early 2000s and is now going ahead with a program to clean the air from the sulfurous fumes and recycle water, spending $600 million on environmental projects by 2025.&nbsp;<\/p>\n<p>The company said implementation of its environmental initiatives should allow MMK to reduce its air emissions and discharge of water pollutants by an additional 20% and 70%, respectively, by 2025.&nbsp;<\/p>\n<p>The news comes only a week after <a rel=\"noreferrer noopener\" aria-label=\"Russia&nbsp;ditched plans to set greenhouse-gas emissions targets (opens in a new tab)\" href=\"https:\/\/www.mining.com\/web\/russia-scraps-plans-to-set-climate-change-goals-for-businesses\/\" >Russia&nbsp;ditched plans to set greenhouse-gas emissions targets<\/a> for companies as a sign of its commitment to fighting climate change, following lobbying from big businesses that risked fines if they didn\u2019t comply.&nbsp;<\/p>\n<p><em>(With files from Bloomberg)<\/em>&nbsp;&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news comes only a week after Russia ditched plans to set greenhouse-gas emissions targets.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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