Rio Tinto’s Russian Venture

Rio Tinto may set up a Russian venture with billionaire Mikhail Prokhorov’s InterGeo after Norilsk Nickel said it will end its partnership with the mining company, Kommersant reported Thursday, citing unidentified people familiar with the matter.

InterGeo’s CEO Maxim Finsky was the Norilsk director in charge of negotiations with Rio four years ago, the newspaper said.