Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Russia’s Polar Transport Division has announced a RUB14mn ($188,650) investment on a large-scale technical upgrade at the Dudinka port.


This upgrade will include the port’s infrastructure expansion along with new machinery and transportation equipment upgrades. An additional investment of RUB26bn is also planned to increase the port’s cargo capacity by 0.7-1mn mt per year of which 0.3-0.5mn mt will be by sea. 


This expansion at the port is directly related to Nornickel’s major investment in the Norilsk Industrial district, the company noted in a statement, as Dudinka is a major entry and exit point for the nickel producer’s material. 


Moreover, Nornickel also announced that it has invested RUB 3.5bn to purchase 10 Liebherr LHM-420 mobile cranes for the Polar Transport Division in Dudinka as part of the port expansion program. 


($1=RUB 74.18)

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