Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Norilsk Ups Investment 7%

Norilsk Nickel, Russia's largest mining company, plans to increase capital spending by at least 7 percent in 2012 as it develops a copper project in East Siberia and explores for new resources.

Investment will exceed $3 billion in 2012, Norilsk said in a statement on its web site. The figure compares with the $2.8 billion in investments the company planned for 2011.

Norilsk plans to invest 7.5 billion rubles ($233 million) to develop the Chita copper project in East Siberia and spend $100 million on geological exploration, it said.

(Bloomberg)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.