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Norilsk Nickel to invest in the development of the resource base of $ 11 billion.

Press center of MMC «Norilsk Nickel» announced the organization's Board of Directors decided to invest in the development of existing and new nickel deposits of $ 10.9 billion. The funds will be invested in building up the mineral resource base over the next 14 years. At the same time on a geological reconnaissance in the Murmansk and Norilsk regions by 2025, management of MMC is planning to spend more than $ 630 million. Experts predict MMC these funds will be sufficient to ensure that the volume of nickel ore in the explored deposits with reserves covered the extraction of raw materials indices.

As the key areas of the development strategy of Norilsk Nickel for the next 14 years, the Board of Directors of the company sees further exploration of existing fields and the launch of new deposits of all kinds of ores (mostly on a small distance from the operating mines in order to minimize the cost of new infrastructure production capacity).

A total of 2025 MMC management expects to increase ore reserves to the volume of the order of 670 million tonnes, of which the share of nickel raw materials will have 4.9 million tonnes, the share of platinum group metals -… 5.08 tons, and 9. 45 million tons -. on copper ore.

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