Environmental and Social Impact Assessment

 

Peschanka Deposit

Location of the Project Components

Baimka Mine and Processing Plant

Marshalling Yard near Pevek

Transport Infrastructure, Electricity and Fuel Supply, and Communications

Environmental and Social Impact Assessment

Key Environmental and Social Impacts

Information for stakeholders

   

The Company plans to attract financing from International Finance Institutions (IFIs) for the Project. As such the Company is conducting an Environmental and Social Impact Assessment (ESIA) in compliance with IFI requirements, particularly, the Equator Principles and the requirements of the International Finance Corporation (IFС).

An ESIA Scoping study is the first stage of the ESIA process; its purpose is to scope the assessment needed for  the environmental and social impacts of the Project. The impacts and risks identified during the ESIA Scoping are then assessed during the full-fledge ESIA.

Measures to prevent, mitigate or offset expected negative impacts are presented in an Environmental and Social Management Programme (ESMP) developed during the full-fledge ESIA.

At all stages of the ESIA process and then during Project implementation the Company will engage with Project stakeholders. During the ESIA Scoping an initial version of a Stakeholder Engagement Plan (SEP) was developed. The SEP identifies key groups of Project stakeholders, proposes a general approach to stakeholder engagement and consultation with stakeholders on environmental and social aspects of the Project. The SEP also describes a proposed external grievance mechanism. The SEP will be revisited and updated during further stages of the Project development and implementation.

At present, the following ESIA documentation is prepared and made available for review and comments by the interested parties:

Russian version

     

English version

ESIA Scoping Report

ESIA Scoping Report

SEP

SEP

ESIA Report

ESIA Report

ESMP

ESMP