03
Oct
03:18
Nickel Industries raises Oracle nickel project ownership to 70%
Nickel Industries has finalised the acquisition of an additional 40% interest in the Oracle nickel project located in Indonesia Morowali Industrial Park in Central Sulawesi, Indonesia, increasing its equity interest to 70%, Kallanish notes.
With Oracle nickel scheduled to commence commissioning in October, the company has completed an early payment of $212 million to Shanghai Decent to secure its increased interest.
Oracle nickel has a nameplate capacity o…
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