Russia's Nornickel to set up JV for copper mining with China

Nornickel, Russia's leading mining and metallurgical company, is expected to reach agreements with Chinese partners on the creation of a joint venture for copper mining in the near future, according to Vladimir Potanin, Nornickel CEO.

Potanin noted that the process is underway, but it is premature to talk about the details. The companies have secured the government's support for the concept of strategic development, including co-operation with their Chinese counterparts. There will be concrete results on this issue in the near future. It should be