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Russia's iron ore accounts for % of the global production in the last year, while nickel accounts for % of global nickel production in 2010. The Russian government intends to increase state expenditure for mineral resource exploration to 23bn by 2020.
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The future of mining giant BHP Billiton's Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity.