Norilsk Nickel said Monday that it would join with the government to invest 104 billion rubles ($3.4 billion) in developing copper and gold deposits in the country’s Zabaikalsky region near Mongolia.
“The project will enable increasing significantly mid-term and long-term production of copper and add new products,” chief executive Vladimir Strzhalkovsky said. “It will also strengthen the company’s position in Asia.”
Norilsk will spend 80 billion rubles on mine and processing operations and the state another 24 billion rubles building a railroad to the deposits, the company said.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
