Rus­sia-China plant op­er­a­tions be­gin

China Daily (Canada) - - BUSINESS -

Rus­sian min­ing gi­ant No­rilsk Nickel said on Tues­day that it has be­gun com­mis­sion­ing its joint-ven­ture pro­cess­ing plant with a Chi­nese part­ner in Bys­trin­sky, a district near Rus­sia’s far east­ern border with China. High­land Fund, a con­sor­tium of Chi­nese in­vest­ment funds and cor­po­ra­tions, has a 13.3 per­cent stake in the project. The plant will process ore from the Bys­trin­sky gold­iron-cop­per de­posit, one of the 10 largest cop­per de­posits in the world, to pro­duce cop­per, gold and mag­netite con­cen­trates. Full-scale op­er­a­tion is ex­pected to start by mid-2018, a No­rilsk state­ment said. De­sign ca­pac­ity will be reached by the end of 2019.

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