Norilsk Nickel | 26 April 2012 г. | 10:24

Norilsk Nickel proceeds with implementation of “Chita project”

Norilsk Nickel proceeds with implementation of “Chita project”

Norilsk Nickel announces the commissioning of two substations (Bystrinskaya and Bugdainskaya) 110/35/10 kilowatt this April. The substations shall provide sufficient electric energy to Bystrinsk and Bugdainsk mining and processing integrated works (hereinafter referred to as GOKs) construction sites.

GOKs construction is planned by the Company within the framework of state-private cooperation project for development of the Zabaikalye Territory mineral resource sites. The project foresees independent development of two deposits – Bystrinsk and Bugdainsk ore bodies. At the moment, the corresponding design works are being implemented.

The commissioning of substations makes it possible to intensify works relating to arrangement of access ways to the deposits. MMC Norilsk Nickel spent over 1.2 billion rubles for substations’ construction. The financing was borne by the Company as part of agreements for technological connection of Bystrinsk and Bugdainsk GOKs electric receiving construction units to electric networks of Chitaenergo, the branch of OJSC MRSK Siberia.

Substations and aerial lines for 110 kilowatts erection was initiated in summer 2011 and completed in March 2012. Each substation is equipped with two Tolyatinski Transformator power transformers (capacity – 16 Megavolts), as well as with state-of-the-art equipment, produced by such companies as Siemens and Bresler.

“For the energy industry, these are two most important recently commissioned facilities of MRSK Siberia” – noticed Konstantin Petukhov, the General Director of OJSC MRSK Siberia, during the substations’ grand opening.

ABOUT MMC NORILSK NICKEL

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX-RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.

Source: Metal Supply & Sales
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