Polymetal to acquire first platinum project in Russia

MOSCOW Tue Dec 18, 2012 7:20am GMT

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MOSCOW Dec 18 (Reuters) - Russian precious metals miner Polymetal said on Tuesday it agreed to acquire the Svetlobor platinum exploration project in Russia together with VTB Capital, a unit of Russia's No.2 lender by assets, VTB .

The total value of the deal is about $10 million, Polymetal said in a statement.