“Norilsk Nickel” confirms capital expenditure for 2016 at 145 bln roubles

The Board of Directors of “Norilsk Nickel” has confirmed its capital expenditure for 2016 at 145 billion roubles, runs the company’s statement.

Capital expenditure for 2015 are likely to have made up 100 billion roubles, including for the Chita project at approximately 11.5 billion roubles. According to the company, the key investments projects for 2015 have been realized. Earlier, the company was about to direct 105 billion roubles for capital costs.

The budget for 2016 includes 40 billion roubles of capital expenditure into the Chita project. “The investment priorities for 2016 will correspond to the approved strategy of the company and provide for one of the leading profitability ratios in the sector in terms of commercial projects even amidst the current price environment,” is said in a statement.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

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