18
Jul
14:06
NICKEL, COBALT: Jervois Global closes on acquisition of Brazil refinery
Australia-based Jervois Global has closed on its previously announced acquisition of the mothballed San Miguel Paulista nickel-cobalt refinery in Sao Paulo, Brazil, Kallanish reports.
The refinery was purchased from Companhia Brasileira de Alumínio (CBA). Total consideration to be paid for the acquisition is BRL 125 million ($23.2m) in cash. Jervois paid the initial BRL 15m payment in late 2020 when the acquisition was publicly announced and a further BRL 4…
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