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Nornickel & Russian Platinum Ink Partnership for Norilsk Industrial District

Metal News - Published on Tue, 21 Jul 2020

Image Source: Nornickel Russian Platinum
World’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper Nornickel announced that Nornickel and Russian Platinum will continue to cooperate in the development of deposits in the Norilsk Industrial District. The companies agreed on an operational partnership to develop the promising Chernogorskoye field. According to the agreement, Nornickel will provide to Russian Platinum, on market terms, the access to its infrastructure in the Norilsk Industrial District through long-term service contracts on the supply of electricity and other resources, as well as the right to use its logistics infrastructure and facilities. In addition, the parties have agreed that Nornickel will purchase the products produced from the Chernogorskoye field, for which a separate long-term off take agreement will be signed.

The relevant binding contracts are planned to be concluded before the end of the Q1 2021 subject to obtaining of all the necessary corporate approvals.

Source :

Posted By : Yogender Pancholi on Tue, 21 Jul 2020
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