Nornickel to invest ₽25 billion in the Severny mine stripping project

MMC Norilsk Nickel plans to commission the first start-up complex of the project for stripping and mining of copper and nickel reserves at Severny Mine in 2028. Completion of the second and third start-up complexes is scheduled for 2030 and 2031, respectively. Investments in the project are estimated at ₽25 billion. Stripping of reserves to a horizon of minus 730 meters will allow the mine to produce ore until 2048, and the volume of ore output will increase to 7 million tons per year after the first complex is commissioned.