Nornickel's estimated $150-million cost to clean a company oil leak is "hugely preliminary", the Russian miner said in a press conference two weeks after the biggest oil spill in the Arctic Circle since the Exxon Valdez.
And the company expects by June 26 a government assessment of penalties, from the Environment Supervision Agency (Rosprirodnadzor), Nornickel said during the teleconference on June 9. Russia declared a state of emergency on June 4, by when the May 29 spill near the Siberian city of Norilsk had spread 350 square kilometers.The Exxon Valdez, an infamous 1989 oil tanker spill off the coast of Alaska in the United States, cost Exxon more than $3.8 billion to clean up the site, compensate nearby residents and...