11
Oct
05:45
Nickle Mines gains control over Angel Nickel
Australia-listed Nickel Mines says it has increased its total interest in the Angel Nickel Project in Indonesia to 80%, following the purchase of an additional 30% stake, Kallanish notes.
Nickel Mines finalised the equity transaction with China’s Tsingshan Group, the world’s largest stainless steel producer, at $210 million. The latter still owns the remaining 20% stake in the project.
The deal gives Nickel Mines a majority control over the project&rs…
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Very good overview of the weekly steel market.
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