In 2005, implementation of major environmental projects on the main production site of NLMK in Lipetsk resulted in reduction of its total atmospheric emissions by more than 14 thousand tonnes as compared to the previous year. Total financing of environment protection projects amounted to nearly RUR 1.3 billion.
Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel has completed the acquisition of an additional 25.37% stake in KMA Ruda from companies affiliated to the shareholders of Lebedinsky GOK. As a result of this transaction NLMK now has a controlling stake of 58.26% in KMA Ruda.
In line with the Resolution of the Energy Commission of the Lipetsk Region dd. 30 December 2005 “On tariffs for electric energy supplied by OJSC Novolipetsk Steel (NLMK) and transmission services” the following tariffs have been set effective from 1 January 2006 to 31 December 2006:
