Norilsk Nickel (Nornickel), the world’s largest producer of palladium and refined nickel, and LLC Russian Platinum have signed a framework agreement for a 50/50 joint venture to develop disseminated ore deposits in the Norilsk Industrial District of Russia, where Nornickel has its key production assets. Contributions to the joint venture will be Nornickel’s license for the Maslovskoe deposit and Russian Platinum’s licenses for the South flank of the Norilsk-1 deposit and the Chernogorskoe deposit.
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