OREANDA-NEWS. March 01, 2012. OJSC MMC NORILSK NICKEL (hereinafter – the Company) notifies that in 2012 the Company’s investments into re-equipment of basic national production premises run up to RUB17,1 BLN which is 2,3 times as much as the money spent in 2011, reported the press-centre of Norilsk Nickel.
 
The Polar Division will disburse RUB14,4 BLN to replace the out-of-repair equipment, while the re-equipment of Kola MMC will cost the Company RUB2,7 BLN. 

According to Yuri Filippov, acting first deputy general director of the Company, bringing the production up-to-date has been presently one of the top priorities of the Company and eventual imperative for the growth of expenditures on keeping up to date basic assets, re-equipment and investment program which is oriented for launching new capacities.

A large scale investment program is budgeting, in 2012, more than USD 3 BLN for mining, concentrating and metal production.

In line with the  “Production Development Strategy of Norilsk Nickel until 2025”, adopted last October,  the Company is canalizing, within the future 15 years, more than USD37 BLN for the development program.