“RUSAL” demands from the President and major shareholder of Norilsk Nickel Vladimir Potanin to change the management of the company and to move its head office in Norilsk. RUSAL said that it was concerned about a series of environmental accidents at “Norilsk Nickel”, and questioned the competence of top management. In “Interros” Vladimir Potanin, declined to comment. Yet the most bitter public attack “RUSAL” the largest shareholder in Norilsk Nickel after an accident with fuel spillage at CHPP-3.”RUSAL” has suggested to the Board of Directors of “Norilsk Nickel” to adopt the resolution and to require the managing partner Vladimir Potanin to change the management and to transfer the head office in Norilsk. “Company “RUSAL” seriously concerned about the events of the last month, which is a series of environmental accidents and incidents in Norilsk. The events in “Norilsk Nickel” makes you wonder how the management is competent and able to manage the company. Also the question arises to the Board of Directors, how he is able to influence what is happening in the company and do the report that this situation will inevitably lead to unpleasant questions from the environmental and investment communities,” reads the statement of the aluminum company, which owns 27.8 percent of Norilsk Nickel. In “Interros” Vladimir Potanin — 34%. The share of Crispian, Roman Abramovich and Alexander Abramov is 4.2% of the shares.In “Interros” have refused comments.The reason of “RUSAL”, founded by Oleg Deripaska, was the accident at TPP-3 under the Norilsk. May 29 from one of the stores spilled 21 tons of diesel fuel, which fell into the nearby river. Now, “Norilsk Nickel” carries out the liquidation of consequences of accidents. Assessment of Rosprirodnadzor, the environment was damaged to 148 billion rubles, which “Nornikel” offered to pay voluntarily. The company disagreed with the calculation method. 12 July on the territory of the other object of the company, there was a new spill, this time to 44.5 tons of aviation fuel. In addition, in June it turned out that one of the settlers of the Talnakh concentrator to the tundra merged process water, the management of the factory was eventually dismissed.This is the most important statement of “RUSAL” after the accident. Previously aluminium company proposed to create the post of first Vice-President on ecology, which took the top-Manager of “Norilsk Nickel” Andrei Bugrov.Recently the main debate has been associated with the dividend policy, as Vladimir Potanin insists on increasing capital investments of Norilsk Nickel by reducing dividends. RUSAL, which is in need of dividends, “Norilsk Nickel” to pay on its debt (in 2019 RUSAL received $1.1 billion of dividends, payments on loans made about $600 million), opposed to reduce them.In the current year, Mr. Potanin has made a proposal twice — the first time in April amid coronavirus, the second time after the accident. Then “RUSAL” has agreed to consider the issue after the publication of the data about the damage. But when Rosprirodnadzor revealed the fine amount to 148 billion rubles, the payment of which clearly could affect the amount of dividends, “RUSAL” has declared the need to convene a meeting of the Board of Directors of “Norilsk Nickel” on which the top management will offer sources of coating damage.Eugene Zainullin
