Nornickel Arctic project – Russia considering $1 billion loan

Anastasia Bogdanova | February 12, 2020 | Views: 52 | Source: miningsee.eu

The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying.

The Arctic Palladium project is Nornickel’s joint venture with Russian businessman Musa Bazhaev.

 

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