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"Norilsk Nickel" lacks billion

1 October 2014

Company «Norilsk Nickel» requires an investment of at least 1 billion USD for the construction of Bystrinsky GOK. This information agency «to Reuters» provided the general director of «Norilsk Nickel» Vladimir Potanin. Despite the fairly large amount, the Japanese company «Mitsui» and Swiss traders «Trafigura» and «Glencore» have shown interest in the project development Bystrinsky iron ore, gold and copper, located in the Trans-Baikal region. The main purpose of potential partners and investors is how the subsequent acquisition of Mining products and infusion in its capital through the acquisition of a certain percentage of the project while leaving the «Norilsk Nickel» controlling interest. The company itself is at the moment already invested in Bystrinsky mine about 500 mln. USD. The project also provides project financing, which is the main theme of the ongoing negotiations between the «Norilsk Nickel» and development institutions, including Vnesheconombank. Representatives «Mitsui», «Trafigura» and «Glencore» while avoiding comments about their own participation in the project.

Search for partners from the «Norilsk Nickel» is produced is not the first day, as a result of the effort in mid-September, the company has received a proposal from the Chinese business community on how to finance the project Bystrinsky and subsequent purchase of products of mining and processing plant. The proposals considered by the management company.

With luck Bystrinsky plant will be launched in 2017, its annual production capacity of 6.3 tons of gold, 62 thousand. Tonnes of copper and 2.1 million. Tons of iron ore. Apart from financial investments for the construction of the railway, the cost of building the plant is about 51.6 billion. RUB, or about 1.35 billion. USD. By the beginning of this year, funding was RUB 17.03 billion in general, and particularly in the mine itself was made to RUB 8.97 billion, 8.06 bn RUB were invested in the construction of the railway line «Naryn-1» -… «Gazimurskii plant. «In general, in the construction of the railway is expected to invest about RUB 32 billion, of which RUB 24 billion will be provided by the Investment Fund, the remaining 8.06 billion RUB -… Due to the «Norilsk Nickel».

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