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Nornickel Arctic project – Russia considering $1 billion loan

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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.

Source: reuters.com

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