Norilsk Nickel to invest USD 107.9 million into mining equipment upgrade

TASS reported that Norilsk Nickel will invest RUB 7.1 billion rubles (USD 107.9 million) into mining equipment procurement for its Zapolyarny Branch (Taimyr Peninsula) and Kola Mining Company (Murmansk Region), the Russian mining and metals company reports on Wednesday. This is 54% above the last-year figure. The company said that „Production refit is one of priority tasks for Norilsk Nickel. The company does not merely increase productivity through systemic renewals of equipment and machinery but also improves production process safety.”