Disclosure on Tailings Storage Facilities
31 October 2019 - EVRAZ plc ("EVRAZ" or "the Group"; LSE: EVR) has today published on its website the details of its tailings storage facilities (TSFs), as requested by the Church of England Pensions Board and the Swedish Council on Ethics for the AP Funds, representing a large number of institutional investors.
As of today, EVRAZ operates three TSFs with upstream dams owned by EVRAZ ZSMK (since 2003) and EVRAZ KGOK (since 2004). EVRAZ has a dam safety management system in accordance with the current legislative procedures that cover all stages of life cycle: design, construction, operation and asset retirement. All dams have safety zones where no living houses and civilian infrastructure is allowed. The processes and procedures are controlled by operations and audited by the HSE personal of the sites, the regulator’s inspectors and the EVRAZ’s internal industrial safety auditors, and the measures to improve the effectiveness of controls have always been implemented. Currently, an audit of TSFs operation is being conducted by EVRAZ’s internal industrial safety auditors at all active TSFs.
EVRAZ has an Environmental Management System (EMS) in place, which ensures that environmental risks are mitigated and that all regulatory requirements are met. The EMS also incorporates environmental and social impact assessments, environmental due diligence, and the management of environmental projects.
Alexander Frolov, CEO of EVRAZ, said: “The principles of minimising negative impacts on the environment and the efficient use of resources are integrated into EVRAZ’ daily operations. EVRAZ’ strategy for dealing with non-hazardous mining wastes, such as depleted rock, tailings and overburden, is to use them where possible for land rehabilitation and the construction of dams or roads. All non-recyclable waste is stored in facilities that were designed to prevent any harmful substances contained in the waste from escaping into the environment. Safety at such facilities is monitored extremely closely, and all necessary steps have been taken to mitigate any danger as far as possible.”
Detailed information on EVRAZ’ TSFs can be accessed using the following link: