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Norilsk Nickel to invest $107.9 mln into mining equipment upgrade

The sum is to cover mining equipment procurement for its Zapolyarny Branch on Taimyr Peninsula and Kola Mining Company in the Murmansk Region

MOSCOW, February 13. /TASS/. Norilsk Nickel will invest 7.1 bln rubles ($107.9 mln) into mining equipment procurement for its Zapolyarny Branch (Taimyr Peninsula) and Kola Mining Company (Murmansk Region), the Russian mining and metals company reports on Wednesday. This is 54% above the last-year figure, the company says.

"Production refit is one of priority tasks for Norilsk Nickel. The company does not merely increase productivity through systemic renewals of equipment and machinery but also improves production process safety," the company reports.

Norilsk Nickel is a Russian diversified mining and metals company, the world’s largest producer of nickel and palladium and the major producer of platinum, cobalt, copper, and rhodium. The company is also producing gold, silver, iridium, osmium, selenium, ruthenium, and tellurium.

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