Russia’s Nornickel says it will spend $600 million collecting Soviet-era Arctic waste

Russian mining giant Norilsk Nickel, hit by a fuel spill at an Arctic power station in May, will spend $600 million by 2030 collecting Soviet-era waste around its Arctic sites, it said on Tuesday.

The spill, which Greenpeace has compared to the 1989 Exxon Valdez oil spill off Alaska, released 21,000 tonnes of diesel from a rusty-looking fuel tank into rivers and soil near the city of Norilsk in Siberia.

“Lessons have been learned from the recent environmental incident,” Nornickel said in a statement. It cleaned up the area after the spill and set aside $2 billion for environmental damage claim by the country’s watchdog which it currently disputes in court.