Company report
Summary of Results
While absolute results are low overall, Polymetal shows one of the three stronger results in Working Conditions. In addition to its formal commitment to ensure safe and healthy working conditions, Polymetal shows a relatively stronger result on the issue of ensuring its operations actively respect the rights of workers to organise, collective bargaining and freedom of association. In addition, the company shows one of the stronger results on the disclosure of information on fatalities and serious injuries and safety incidents.
In the other thematic areas, Polymetal’s results are above the average result across 38 companies in Community Wellbeing, Working Conditions and Environmental Responsibility but below average on Economic Development and Lifecycle Management.
In the mine-site assessment, Polymetal ranks 3rd among the 38 companies on its mine-site-level results, though with an average score of only 24%.
Polymetal is associated with a leading practice on its commitment to a range of measures to mitigate the effects of retrenchment on employees.
Polymetal’s overall results are limited by a lack of evidence of action on a number of key issues, including supporting local entrepreneurship, and local business development, and procurement from local suppliers. Furthermore, the company shows no evidence of tracking the effectiveness of its whistleblowing mechanisms or its performance in reducing adverse impacts on water quality.
In the mine-site assessment, Polymetal demonstrates an unusually high level of consistency in the results achieved by its four assessed mine sites (with scores all within the range 22-28%). However, none of the four mine sites show any relevant evidence on three issues: local employment, air quality and water quality.
Overall results
Results per measurement area
Commitment
(9 indicators)Action
(42 indicators)Effectiveness
(20 indicators)Results per indicator
Economic Development
A.01 National and Supranational Socio-Economic Development Planning
A.02 National and Supranational Procurement
A.03 Collaborative Research and Development
A.04 Enhancing the National Skills Base
Mine-site Results
Mine sites selected for individual assessment (but not included in the overall company score)
Dukat | Kyzyl | Varvara | Voro | |
---|---|---|---|---|
Local Employment (score /3) | 0.0 | 0.0 | 0.0 | 0.0 |
Local Procurement (score /3) | 1.0 | 1.0 | 1.0 | 1.0 |
Post-Closure Plans (score /3) | 0.5 | 1.0 | 0.5 | 0.5 |
Community Grievances (score /3) | 1.5 | 2.0 | 1.5 | 1.5 |
Worker Grievances (score /3) | 1.0 | 1.0 | 1.0 | 1.0 |
Air Quality (score /3) | 0.0 | 0.0 | 0.0 | 0.0 |
Water Quality (score /3) | 0.0 | 0.0 | 0.0 | 0.0 |
Water Quantity (score /3) | 0.5 | 0.5 | 0.5 | 0.5 |
Tailings Management (score /3) | 2.0 | 2.0 | 2.0 | 2.0 |
Emergency Preparedness (score /3) | 0.0 | 1.0 | 0.0 | 0.5 |
Mine-site Score (%) | 21.7 | 28.3 | 21.7 | 23.3 |
Operational mine sites
Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
---|---|---|---|---|---|
Amursk-Albazino | Ekaterina-2, Amursk POX Hub | Russian Federation | 100 | Gold, Silver | Open-pit, Underground |
Dukat | Lunnoye, Omsukchan, Goltsovoye, Arylakh | Russian Federation | 100 | Gold, Silver | Underground |
Kapan | - | Armenia | 0 | Gold | Underground |
Kyzyl | Bakyrchik, Bolshevik | Kazakhstan | 100 | Gold, Silver | Open-pit, Underground |
Mayskoye | - | Russian Federation | 100 | Gold, Silver | Underground |
Okhotsk | Khakanja, Avlayakan, Ozernoye | Russian Federation | 0 | Gold, Silver | Open-pit, Underground |
Omolon | Birkachan, Tsokol, Oroch, Sopka, Olcha, Kubaka | Russian Federation | 100 | Gold, Silver | Open-pit, Underground |
Svetloye | - | Russian Federation | 100 | Gold, Silver | Open-pit |
Varvara | Varvara Hub, Komar, Maminskoye (Russia), Tarutin | Kazakhstan | 100 | Copper, Gold, Silver | Open-pit |
Voro | - | Russian Federation | 100 | Gold, Silver | Open-pit |
Tailings (known)
Name | Country | Status | Construction Method | Impact-based hazard category (company-reported) |
---|---|---|---|---|
Albazino TSF 1 | Russian Federation | Active | Upstream | Significant |
Albazino TSF 2 | Russian Federation | Active | Upstream | Significant |
Amursk DSF | Russian Federation | Active | Dry stacking | Non-hazardous |
Kyzyl TSF | Kazakhstan | Active | Downstream | Significant |
Lunnoye TSF | Russian Federation | Active | Modified raising, from centreline to downstream slope | Significant |
Mayskoye TSF | Russian Federation | Active | Downstream | Significant |
Omolon TSF | Russian Federation | Active | Upstream | Significant |
Omsukchan TSF 2 | Russian Federation | Active | Upstream | Significant |
Omsukchan TSF 3 | Russian Federation | Active | Upstream | Significant |
Varvara TSF | Kazakhstan | Active | Upstream and Downstream | Significant |
Voro DSF | Russian Federation | Active | Dry stacking | Non-hazardous |