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En Ru
2,160 koz of gold
produced in 2017 (2016: 1,968 koz)
364 $/oz
Total cash cost per ounce sold
621 $/oz
All-in sustaining cash cost
Ore processed, kt
26,445 2016
28,663 2017
Adj. EBITDA $ mln
1,536 2016
1,702 2017
5 5 operating assets: 4 hard-rock mines and alluvial operations
2,721 $ mln
Total Revenue in 2017
0.10
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2017 (2016: 0.13)
Factsheet
ICMM membership

Polyus has been an approved member of the International Council on Mining and Metals (ICMM), the most prestigious international organisation promoting sustainable mining, since 2015. Polyus is the only company in Eastern Europe to be an ICMM member, and one of only 3 companies from emerging markets.

ICMM is a CEO-led international organisation made up of 27 of the world’s leading mining and metals companies, and over 30 organisations.

In 2015, Polyus’ sustainability Action Plan was approved by ICMM Independent Expert Review Panel to further enhance the Company’s sustainability activity and ensure its full alignment with each element of the ICMM Sustainable Development Framework.

The Action Plan focused on achieving high standards on internal health, safety, environment and community, developing health, safety and environment management systems as well as a Sustainability Management System, enhancing stakeholder engagement and development of sustainability reporting.

The implementation of the Action Plan was completed in 2017 and in a subsequent audit carried out by the ICMM Independent Expert Panel Polyus was commended for its solid commitment to sustainability and particularly noteworthy achievements were highlighted in the following areas:

1. Sustainability governance Sustainability governanceIncreasing capacity and resources for the HSE and sustainability functions, both at the corporate and business unit levels, rationalising the structure of these functions
2. Safety culture Improving safety culture and the Group’s commitment to ongoing rigorous evaluation of its progress using the Bradley Curve methodology
3. Sustainability reporting Balanced disclosure of the Group’s sustainability performance and progress on the ICMM Action Plan implementation in public reporting
4. Integrated HSE management system Implementing new integrated HSE management system, providing a solid foundation for standardising HSE practices
5. Sustainability management at Alluvials Operations
  • Adoption of the primarily HSEC standards by the Irkutsk alluvial BU;
  • Completion of a comprehensive socio-economic study and sustainability risk assessment of the BU, and development of a detailed action plan to address the key risks identified in the study
6. Development and implementation of HSEC Standards Progress on development and implementation of internal documents regulating a wide range of environmental and social issues

A number of recommendations were made by the Expert Panel for further development of our sustainability management practice, including recommendations on the implementation and certification of a further integrated HSE management system as well as the development of further HSEC standards.

These positive results and ongoing feedback from ICMM are extremely important to Polyus and we are eager to continue our participation in ICMM working groups and to support the sustainability initiatives driven by ICMM.