Rio Tinto, Prokhorov May Form Russian Venture, Kommersant Says -Shanghai Metals Market

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Rio Tinto, Prokhorov May Form Russian Venture, Kommersant Says

Industry News 02:37:53PM Mar 25, 2010 Source:SMM

NEWYORK, Mar. 25 -- Rio Tinto Group may form a Russian venture with billionaire Mikhail Prokhorov's Intergeo mining company, Kommersant said, citing unidentified people familiar with the matter.

Prokhorov holds 12 licenses to develop deposits of metals including copper and nickel in Siberia and the Far East that he bought from Vladimir Potanin, the biggest shareholder of OAO GMK Norilsk Nickel, the Moscow-based newspaper said.

Norilsk Nickel, Russia's biggest mining company, last year ended its exploration venture with Rio Tinto, Kommersant said.
 

Key Words:  copper Cu  nickel Ni  Rio Tinto  

Rio Tinto, Prokhorov May Form Russian Venture, Kommersant Says

Industry News 02:37:53PM Mar 25, 2010 Source:SMM

NEWYORK, Mar. 25 -- Rio Tinto Group may form a Russian venture with billionaire Mikhail Prokhorov's Intergeo mining company, Kommersant said, citing unidentified people familiar with the matter.

Prokhorov holds 12 licenses to develop deposits of metals including copper and nickel in Siberia and the Far East that he bought from Vladimir Potanin, the biggest shareholder of OAO GMK Norilsk Nickel, the Moscow-based newspaper said.

Norilsk Nickel, Russia's biggest mining company, last year ended its exploration venture with Rio Tinto, Kommersant said.
 

Key Words:  copper Cu  nickel Ni  Rio Tinto