Arctic fuel spill calls for shakeup at Russia mining giant Norilsk Nickel

Russian mining giant Norilsk Nickel faced pressure from a key shareholder on Tuesday to overhaul management after disasters including a massive Arctic fuel spill that sparked a state of emergency.

Aluminium producer Rusal, which owns 28 percent in Norilsk Nickel, said it was “seriously concerned” over recent environmental accidents in the Russian Arctic and called for a shakeup in management.

“What is currently happening at Nornickel invites to seriously question the competence of the company’s management as well as their suitability to be in charge of running the business,” Rusal said in a statement.

It also criticised the management’s “collective inertia” that it said was likely to lead to “damaging criticism from the environmental and investment communities”.