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Norilsk Nickel to invest about $6 bln in development until 2018

May 16, 18:51 UTC+3 MOSCOW
In 2010-2012, the company invested about $6.6 billion and in 2013-2015 the investment reached $4.9 billion
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MOSCOW, May 16. /TASS/. Norilsk Nickel, the world's largest nickel and palladium producer, plans to invest about $6 bln in development of its assets in 2016-2018, the company’s Vice-President for Strategic Planning Sergey Dubovitsky told reporters on Monday.

He was talking on the eve of the company’s Strategy Day which is held in London on Monday.

These investments include about $900 mln in construction of the Bystrinsky ore mining and dressing plant in the Trans-Baikal region.

According to Dubovitsky, in 2010-2012, the company invested about $6.6 billion and in 2013-2015 the investment reached $4.9 billion.

In the next three years, Norilsk Nickel intends to invest about $1.9-2.3 bln in maintenance of existing facilities, $1.2-1.4 bln in mining projects, $500-600 million in the reconfiguration of the production of nickel and about $400-500 million in other projects of reconstruction and modernization, according to the company's presentation.

Norilsk Nickel is a Russian diversified mining and metals company, the globally 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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