01
Feb
19:38
NICKEL: Nickel Mines acquiring 80% stake in Indonesia project
Australia-based Nickel Mines Ltd has acquired a 30% stake in the Angel nickel project in Indonesia with plans to acquire an even bigger stake, Kallanish reports.
The company with headquarters in Perth, Western Australia, made an initial payment of $210 million or the first tranche before the 31 March deadline for that 30% interest. That was supported by a company stock entitlement offer. It had previously paid $30m and paid another $180m this week.
It can acquire…
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