Accomplice of Russia’s Nornickel withdraws from palladium JV talks

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Accomplice of Russia’s Nornickel withdraws from palladium JV talks

MOSCOW, March 20 (Reuters) - Russian miner Norilsk Nickel (Nornickel) GMKN.MM stated on Friday that


MOSCOW, March 20 (Reuters)Russian miner Norilsk Nickel (Nornickel) GMKN.MM stated on Friday that Russian Platinum, its associate in an Arctic palladium undertaking, had withdrawn from talks on creating the three way partnership.

The choice was made as a result of aluminium producer Rusal 0486.HK, considered one of Nornickel’s shareholders, didn’t challenge required company approvals for Nornickel to take part within the proposed enterprise, Nornickel stated in a press release.

(Reporting by Polina Devitt; modifying by Jason Neely)

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