Russia's largest diversified mining and metals company Norilsk Nickel has announced that in 2011 it plans to invest $2.8 billion for the implementation of a large-scale investment program encompassing core production assets and infrastructure.
Specifically, over $45 million will be invested to replenish and expand Norilsk Nickel's mineral reserve base, and $30 million will be directed towards the optimization of Norilsk Nickel's current business processes and towards the introduction of an internal IT system to create a united information network of the company.
In 2011, Norilsk Nickel plans to launch the program envisaging restoration, overhaul and modernization of key production facilities and infrastructure (power generation, gas extraction and pumping, transport) in order to reduce operational risks, ensure stable running of machinery and equipment, and to optimize costs. In addition, among the company's main targets for 2011 are also the increase of wages and salaries of personnel engaged in the production and development of social programs.