Russias Norilsk launches copper and gold mine near Chinese border


Russia's Norilsk Nickel launched a greenfield copper, iron and gold mine in the country's remote Far East on Tuesday, the company said.The Bystrinsky project, some 400 km (250 miles) by rail from the Chinese border in the Siberian region of Chita, plans to export its production to China, the world's top iron ore consumer.Shanghai copper futures have risen around 18 percent so far this year on strong demand in China, also the leading consumer and producer of the metal. .Russia has sought closer ties to China after Moscow's relations with the West were soured by its annexation of Crimea from... Read More »

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