MOSCOW, October 5 (RIA Novosti) - Severstal [RTS:CHMF] and Anglo American have signed an agreement on forming an alliance to prospect for nickel, copper and zinc deposits in Russia, the mining multinational and the Russian steel giant said Thursday.
Prospecting will begin in the Republic of Karelia, in northwest Russia, on the border with Finland, and in the future the companies intend to jointly develop mineral deposits in other Russian regions.
Anglo American, headquartered in London and Johannesburg, is one of the world's largest mining companies, and holds a 45% stake in diamond giant De Beers.
Severstal is Russia's largest steel producer. The company's primary mill is in Cherepovets, in northwest Russia.
