Norilsk Nickel provided capital expenditure guidance for the fiscal year 2015 and 2016. The company expects overall capital expenditure amounting to RUB 100 billion in 2015, of which RUB 11.5 billion will be invested in the Chita project, the mining and metals giant said in a statement. The company previously forecast that capex would total RUB 105 billion ($1.7 billion) in 2015.

The 2016 budget stipulates capex at RUB 145 billion, including investment of RUB 40 billion in the Chita project.