Norilsk Nickel, Russian Platinum file application for PGM JV - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Norilsk Nickel, Russian Platinum file application for PGM JV

MOSCOW, Oct 10 (PRIME) -- Metals giant Norilsk Nickel and Russian Platinum have filed a request to the Federal Antimonopoly Service to create a 250 billion ruble joint venture to develop deposits of the platinum group of metals (PGM) on the Taimyr Peninsula, a representative of Norilsk Nickel told PRIME on Thursday.

УA request to the Federal Antimonopoly Service has been filed, work on the project is underway. A feasibility study is being prepared,Ф he said.

In February 2018, the companies signed a basic agreement on strategic partnership encompassing creation of a joint venture on a parity basis to develop three fields on the Taimyr Peninsula with a potential production capacity of 70Ц100 tonnes, or 2.5Ц3.5 million ounces, of metals of the platinum group per year.

(65.0976 rubles Ц U.S. $1)

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10.10.2019 13:02
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