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Norilsk Nickel to inject $11bln into resource base until 2025

December 11, 2011, 4:33 UTC+3
The investments into geological surveys in the Norilsk and Murmansk regions until 2025 will total 632 million dollars
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KRASNOYARSK, December 11 (Itar-Tass) — The world’s largest producer of nickel and palladium, Norilsk Nickel, will invest around 11 billion dollars until 2025 into the development of the mineral resource base and the launch of new mining companies in Russia, the company’s press service told Itar-Tass.

The main areas of the company’s long-term activities are the production growth of all types of ores at the effective fields, in-mine exploration and the launch of new fields.

The investments into geological surveys in the Norilsk and Murmansk regions until 2025 will total 632 million dollars.

The expected growth of all types of ore reserves in the Norislk industrial region will reach 670 million tonnes, including 4.87 million tonnes of nickel, 9.46 million tonnes of copper and 5.08 thousand tonnes of platinum group metals, the press service said.

The expected growth of ore reserves on the Kola Peninsula will reach 70 million tonnes, including 0.75 million tonnes of nickel and 0.34 million tonnes of copper.

 

 

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