12
Jul
11:20
Dundas to restart Avebury nickel mine following acquisition
Dundas Mining has completed the purchase of the idle Avebury nickel mine from MMG. Dundas say it is committed to restarting the mine but the volatile and heavily supplied market make the investment a gamble, Kallanish notes.
The total value of the deal was AUD 25 million ($19m), with the first AUD 1.5m paid on signing a contract in September 2016. The remaining AUD 23.5m has now belatedly been paid, marking the end of the takeover. Dundas, a Tasmanian …
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Anonymous
Very good overview of the weekly steel market.
Anonymous