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  • Gold (USD) 1,250.40 +5.15
  • MOEX (RUB) 4,200.00 +25.00
  • OTC (USD) 29.59 0.00
1,968 koz of gold
produced in 2016 (2015: 1,763 koz)
389 $/oz
Total cash cost per ounce sold
572 $/oz
All-in sustaining cash cost
Ore processed, kt
24,824 2015
26,445 2016
Adj. EBITDA $ mln
1,278 2015
1,536 2016
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,458 $ mln
Total Revenue in 2016
0.12
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2016 (2015: 0.08)
Factsheet
Environment

When Polyus embarks on any new project, it always takes into consideration both economic and environmental factors so as to minimise the environmental impact of our operations. As one of the leading companies in the industry, the Group always strives to adhere to best practice and all requirements related to environmental protection.

Polyus is guided by internal environmental policies and standards developed in compliance with the requirements of the ICMM and the International Financial Corporation, including:

  • Environmental and Social Impact Assessment Standard: sets out the principles of assessing the environmental and social impact of a project and determines a step-by-step approach to assess it accordingly.

  • Biodiversity Conservation Standard: defines the Group’s approach to managing biodiversity and addressing the topic in its operating activities during the whole of an asset’s life cycle.

  • Sustainable Use of Natural Resources and the Prevention of Environmental Pollution Standard: sets requirements for the sustainable use of water resources, the monitoring and minimisation of GHG emissions intensity, and waste and hazardous substances management.

  • Closure and Rehabilitation of Deposits Standard: formalises the approach taken at an important stage of mine’s life cycle — closure and rehabilitation — through closure work planning and relevant cost calculation with regular updates from design to closure stage of an asset.

  • Cyanide Management Standard: adhering to requirements of the International Code of Cyanide Management, ensures the safe management of environmental risks posed by the purchase and transport of cyanide and its use in the production process.

Environmental Policy

The Company recognises that our operational activities have an impact on the natural and social environment around us.

We are confident that by setting clear objectives, developing long-term sustainable plans, sticking to our project execution strategies, analysing received results and continuously improving our performance — will enable us to manage, mitigate and, where possible, eliminate residual environmental and social impacts at sites where we operate. In order to achieve this we undertake the following commitments:

  • Comply fully with all applicable environmental legal requirements and regulations.

  • Identify the potential environmental risks and impact of our activities at an early stage, from project design through to aspects relating to rehabilitation and mine closure.

  • Develop and implement an environmental management system at all our operating sites and clearly define environmental objectives and indicators that require continuous improvement, and regularly assess our environmental performance.

  • Apply best industry and proven management practices to mitigate or prevent pollution at our operations.

  • Continuously educate our employees regarding the Company’s environmental objectives and practices.

  • Enforce on our contractors full compliance with our environmental requirements and standards.

  • Provide all necessary resources for implementing and improving the performance of the Company’s environmental management system.