Norilsk Nickel and Russian Platinum have signed an agreement on strategic partnership, which presupposes the creation by the end of the year of a joint venture to develop three deposits with the possible reserves of 70-100 tons of platinum group metals a year, which will make it one of the largest manufacturers.
Each company will own 50% in the JV.
The Nornickel contribution will be the license to develop the Maslovskoye deposits, and that of Russian Platinum – licenses for the southern part of Norilsk deposits and the Chernogorskoye deposits. (Ukrainian metal)