REG-Polymetal International plc Polymetal International plc: Full disclosure on tailings storage facilities

Polymetal International PKAnnouncement

20/05/2019 07:05

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 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.

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 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
  1 https://www.polymetalinternational.com/en/sustainability/environment/#waste.

 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                Polymetal                    2 ir@polymetalinternational.com
 Consulting
             +44 20 Eugenia Onuschenko          +44 20 7016 9505 (UK)
 Leonid Fink 3727
             1000   Timofey Kulakov              
 Viktor
 Pomichal           Michael                     +7 812 334 3666 (Russia)
                    Vasiliev                   
     Joint
     Corporate           
     Brokers
 Morgan
 Stanley
             +44 20
 Andrew      7425
 Foster      8000

 Richard            RBC Europe Limited
 Brown
                    Marcus Jackson              +44 20 7653 4000
 Panmure
 Gordon             Jamil Miah

 Charles     +44 20
 Lesser      7886
             2500
 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.

  

  

  

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   ISIN:          JE00B6T5S470
   Category Code: MSCH
   TIDM:          POLY
   Sequence No.:  8698
   EQS News ID:   813199


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=813199&application_name=news&site_id=reuters8

References

   Visible links
   1. https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c89dbe166883c47d7e7be582bed946a7&application_id=813199&site_id=reuters8&application_name=news
   2. mailto:ir@polymetalinternational.com


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