Norilsk Nickel will spend for the investment program 800 billion rubles till 2020

Norilsk Nickel will spend for the investment program 800 billion rubles till 2020


Norilsk Nickel will be able to overcome a difficult economic period, without reducing investments, said Vladimir Potanin, President of Russia.

SOCHI, 11 Nov. Norilsk Nickel will spend on the investment programme for the upgrading of about 800 billion rubles till 2020, said the CEO of the company Vladimir Potanin at a meeting with Russian President Vladimir Putin.

“Right now completing the third year of implementation of the investment program, which we have calculated till 2020, which will happen fundamental re-equipment of the enterprise, in General, not only from a technological point of view, but also from the fundamental solution to the environmental problems that we accumulate,” — said Potanin.

“Investments are envisaged in the amount of about 800 billion rubles. And on environmental projects 300 billion. This, of course, unprecedented in their scope project involving the use of new technologies that had never been used”, — said the head of the company, noting that the solution of environmental problems at one of the plants will require about 200 billion rubles.

Thus, according to the President Potanin, Norilsk Nickel will be able to overcome a difficult economic period, without reducing investment.

“This is all, of course, in simple terms, because the situation of complex projects, it is unfavorable. For the first time in the last twenty years such situation that we face,” said Potanin, noting that now not only dropped the price a Nickel, but about 70% of world Nickel producers are operating at a loss.

Earlier, Norilsk Nickel reported that in the development of mineral resources the company until 2020 plans to invest more than 200 billion rubles in the reconstruction of the beneficiation and metallurgical complex will take about 100 billion rubles and to improve the environmental situation in the regions where we have more than 200 billion rubles. That is, the overall program will be about 500 billion rubles.