26
Apr
10:39
Nickel Mines controls half of Angel Nickel
Australia-listed Nickel Mines Limited has achieved 50% control of the Angel Nickel Project in Indonesia, following the acquisition of an additional 20% equity, Kallanish notes.
Nickel Mines is expected to have paid $137.8m for the 20% interest because the payment was made before 30 June 2021, according to its previous agreement with Shanghai Decent Investment Group, the controller of the Angel Nickel Project.
According to the agreement, Nickel Mines is expected …
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