Norilsk Nickel’s investment in Murmansk terminal to reach RUB 1.1bn
Investment of MMC Norilsk Nickel in the construction of its own terminal based in the port of Murmansk in 2010-2011 is expected to total 1.1 billion rubles, the Company said Friday.
The Group plans to complete the RUB 3bn project by the end of 2013, Director of Norilsk Nickel’s transport division in Murmansk Alexei Tyukavin told reporters at the International Arctic Forum in Arkhangelsk.
The terminal’s full capacity will reach 1.5 million tons of cargo a year. Upon completion of the terminal’s first phase the facility will be able to handle annually 700,000-800,000 tons general and containerized cargoes. Commissioning of first phase is scheduled for the beginning of 2012. This will enable Norilsk Nickel to handle all of its cargo at its own Murmansk terminal, Mr. Tyukavin said.
The terminal encompasses two 10-hectares yards, two berths with depths up to11 m (length - 150 m and 311 m), rail infrastructure, an indoor warehouse and a temporary storage yard. Currently, the terminal uses three Condor-class cranes of lifting-capacity of 45 tons. In 2012-2013 the company plans to purchase three more cranes of lifting capacity of 80 tons each. The terminal will have a border crossing checkpoint.
MMC Norilsk Nickel is a diversified mining and metal producing company, a leading global producer of nickel, palladium, platinum, cobalt, copper and rhodium. The company specializes also in mining of gold, silver, iridium, osmium, selenium, ruthenium and tellurium. The Company’s facilities are located across the world, operating in Russia (Norilsk Industrial Area and Kola Peninsula), Finland, USA, Australia, Botswana and South Africa.