Norilsk Nickel studies the possible participation of the Chinese in the Bystrinskoye deposit's development

Norilsk Nickel studies the possible participation of Chinese investors in the project of the Bystrinskoye deposit's development in the Trans-Baikal Territory, the first deputy general director of the company, Pavel Fedorov reported.

According to him, Chinese investors are interested in financing the project. "We have a rather viable proposal from the Russian Institute of Development. And we currently have also three or four very real proposals for off-take contracts (for the single supply of products) from several major Chinese companies," - the Norilsk Nickel’s press centre cites the words of Fedorov.

The capital costs of the project, according to Fedorov, will make up $1 billion over the next three years. In spring, Norilsk Nickel agreed that the Bystrinskoye is a deposit of the first class, and in June announced a tender for the four projects of the Bystrinsky mining and processing plant (GOK): the dressing plant, rotation camp, boiler and power supply facilities. It is planned to finance the construction of GOK on account of VEB’s funds.