Also, the falling wedge pattern over the past few months appears to back up the potential for the June timeframe to work as in the past.
The company has a back-catalogue of environmental problems that include:
Ore is smelted on site at Norilsk. The smelting is directly responsible for severe pollution, including acid rain and smog. By some estimates, 1 percent of the entire global emission of sulfur dioxide originates here. Heavy metal pollution in the area is so severe that the soil itself has platinum and palladium content which is feasible to mine.
The pollution originating from Kola division of the company is also affecting Norway which since 1990 has offered financial support to clean up the operation. Due to a number of factors, however, this has not materialized.
2007 - Rosprirodnadzor (Federal Environmental, Industrial and Nuclear Supervision Service of Russia) took water samples in Norilsk as part of the check up. The check up was initiated by the group of the city dwellers who filed the petition claiming deterioration of water quality due to industrial activity of NN branch in this city. Newspaper Kommersant was informed by Oleg Mitvol, the Chairman of Rosprirodnadzor, that results of the water tests were expected to be ready by the end of August. Company official said in their comment that NN spent over 19 bln roubles on environmental activity and 1 billion more will be spent till 2015. When asked by the reporter if Norilsk Nickel can suffer any consequences after the results of the check up, the state official said that he won’t make any promises or predictions.
The environmental problems at Norilsk stretch back over decades, but in the last 10 years when current NN management came to power it did not get much better. Back in 2004 M. Prokhorov claimed that NN will be able to resolve most of ecological problems in the area within 5–6 years. By 2008 this timeline moved to 2011 or 2015.Though NN claims to be socially responsible business and invests into modernization.
Norilsk Nickel has worked consistently to reduce emissions of major air pollutants. In 2006, the company reported investment of more than US $5m to maintain and overhaul its dust and gas recovery and removal systems. It asserts a commitment of nearly US $1.4m for its air pollution prevention plan. However, official statistics state that emissions remain extremely high. In 2006, international non-for-profit organization Blacksmith Institute entitled Norilsk the name of the City of Horror. Norilsk is one of the most polluted places on the Earth. NN wrote a protest letter but state of affairs was left unchanged. Local environmental experts report that that although there have been some reductions in pollution levels, levels of SO2, HS, phenol, formaldehyde, and dust had increased; levels of nickel and copper had increased by 50%. Morbidity rates are stable and death rates are decreasing.
In September Rosprirodnadzor stated that NN significantly exceeds allowed concentrations of polluters in open water reservoirs (river Shuchya, river Novaya Nalednaya and others) located near industrial enterprises of NN objects. Also the agency stated very serious violations of temporary norms for certain polluting substances.
Nevertheless there were no measures taken against NN. In the end of December the company issued a press release on cooperation with Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostekhnadzor) and Norilsk Nickel signed a protocol of cooperation with regard to industrial safety and environment protection in the development of the Company’s operations.
Of the 245 tonnes of platinum sold in 2010, 113 tonnes were used for vehicle emissions control devices (46%), 76 tonnes for jewelry (31%). The remaining 35.5 tonnes went to various other minor applications, such as investment, electrodes, anticancer drugs, oxygen sensors, spark plugs and turbine engines