Russian PM Discusses Massive Arctic Ore Mining Plans

The Prime Minister of Russia, Dmitry Medvedev met with with the Director General of Norilsk, Nickel, Vladimir Potanin, to talk about the company's plan to increase geological exploration in the Arctic region, reports Arctic-info.

The nickel ore mining company will become a key figure in  the development of the Arctic branch (Taimyr), which has a world class resource base: by 2018, it is planned to increase the extraction of ore to 18.5-19 million tonnes from the current approximately 16.5 million tonnes.

The new mines of Taimyr have planned investments of $700 million. Its reserves total 16 million tonnes of rich ore. Investments in the Skalistoe field between 2014 and 2022 are planned at $1.9 billion.

Investment in one of the most important facilities of NorNickel - the Talnakh deposit - will total $800 million in 2014-2018.

Source: Arctic-info, Russia