Nornickel signs multi-billion dollar JV deal with Russian Platinum to make Russia world's biggest PGM producer

Nornickel has signed a $4.4 billion partnership deal with Russian Platinum Plc in a 50:50 owned enterprise to jointly develop three major PGM deposits in Russia, it said on Wednesday February 7.

The joint company aims at producing approximately 70-100 tonnes per year of platinum and palladium, as well as 50,000 tpy of nickel, Nornickel's president Vladimir Potanin said in...

Published

Perrine Faye

February 07, 2018

15:41 GMT

London