In 2016, Nordgold to increase its investments in Neryungri by 20%

In 2016, Nordgold of Alexei Mordashov plans to increase its investment in the modernization and development of its subsidiary Neryungri Metallic in Yakutia to 730 million rubles (at the rate of 80 RUR/USD this is more than $9 million), as compared with $7.5 million in 2015, the company reports.

This year, the investments in geological exploration at promising areas, adjacent to the Taborny deposit to increase the volume of the reserves will amount to about 130 million rubles. Nearly 600 million rubles more will be spent for capital repairs of the equipment, replacement of the main technical units, spare parts and upgrade of the fleet, the report says.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer