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Norilsk Nickel plans to invest in Australian assets

Management MMC «Norilsk Nickel» announced his intention to develop the direction of the Australian mining business. In particular, the company plans to invest in one of the nickel assets derived from MMC as a result of the purchase of shares of LionOre in 2007, half a billion US dollars. This is a draft Honeymoon Well (Wiluna, Western Australia). Introducing the operation of the project facilities, the Russian organization will be able to increase the annual volume of nickel release on the 40 th. Tons. Honeymoon Well — a massive project that includes the largest nickel ore in Western Australia. As a result of the preliminary geological exploration in the depths of his mine contains about 1.2 million. Tons of this metal. About its intention to build a production facility for the enrichment of ore on the basis of Honeymoon Well MMC representatives reported back in February of this year, when the company announced the start of preparation of the draft field development resources. Funds for the development of assets in Australia, «Norilsk Nickel» plans to bring in banking. «We are negotiating with our» standard «and partners with some Asian banks," — commented Roman Panov — Head of foreign production assets of MMC.

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