Early details are sketchy, but Rio Tinto (RTP-N, RIO-L, RIO-A) and Norilsk Nickel (NILSY-O) have signed a cooperatin agreement covering exploration and development in Russia.
Under the agreement a joint-venture company in which Norilsk will own a 51% interest will be formed. It will hold properties in Siberia and in the Russian Far East.
Rio and Norilsk spokesmen were not available for comment at presstime.
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