Russia Norilsk Plans $35 Bln in Investments to 2025

Reuters reported Norilsk Nickel (MCX:GMKN,AIM:MNOD) will invest $35 billion in 2011-2025 to expand its resource base and raise output.

As quoted in the market news,

Norilsk, the world’s biggest nickel and palladium producer, plans to raise nickel output this year to 300,000-315,000 tonnes from 297,329 tonnes in 2010 and keep copper output at 380,000-390,000 tonnes versus 388,872 tonnes.

Norilsk aims to maintain its position as the nickel producer with the lowest cost of production, it said.

Click here to read the full Reuters report.