LONDON MMC Norilsk
Nickels board of directors has approved the
companys draft budget for 2013.
program is expected to total 75.4 billion rubles ($2.51
billion), the company said, including the implementation of key
mining projects as well as the modernization of production
"The budget ensures stable
metals production by the (Russian) operations of the company in
2013," Norilsk said. "The company is expected to maintain
existing social programs and to join efforts with federal and
regional authorities on the relocation of Norilsk residents and
the development of city infrastructure."
Moscow-based Norilsk also will
invest further in projects aimed at reducing emissions and
The company said it also will
continue to work on the optimization of operating costs and
improving the efficiency of its investment projects.
Nickel output at the
companys Polar division in Russias Taimyr
Peninsula, and Kola MMC in Russias Kola Peninsula is
expected to be no less than 233,000 tonnes this year, in line
with 2012 output.
Copper production is expected to
rise about 2 percent to 359,000 tonnes in 2013, but platinum
and palladium output is expected to fall slightly as a result
of changes in ore composition and lower grades.
A version of this article was first published by AMM sister
publication Metal Bulletin.