Destination Murmansk for Siberian nickel
The company, a world-leading producer of the valuable metal, is investing 1,5 billion rubles in its port facilities in Murmansk. The upgrade will enable it to more than double port capacities, the company informs in a press release.
The port development project is to be completed in late 2016 and will boost annual port capacity to 1,5 million tons.
The capacity increase is needed as Norilsk Nickel is closing a processing plant in Norilsk and transfering capacities to Monchegorsk, the company town in the Kola Peninsula.
That will result in a subsequent flood of Siberian ore to the Arctic region.
Norilsk Nickel has also previously shipped major volumes of ore from Norilsk to the Kola Peninsula. However, in the post-Soviet period, the company has used primarily local ore in its Kola processing plants.
Kola GMK, the regional subsidiary of Norilsk Nickel, has mining and processing facilities in Monchegorsk, as well as the towns of Nikel and Zapolyarny near the borders to Norway and Finland.
Figures from Patchwork Barents, the regional data portal, show that nickel production in the Kola Peninsula in 2014 amounted to 106,000 tons.