02
May
05:11
Nickel Industries tries again for Cyclops nickel-cobalt project
Canada-based exploration firm Bolt Metals has agreed to divest 100% of the company's interest in the Cyclops project - a 5,000 hectare nickel-cobalt project in Papua province, Indonesia - to Australian miner Nickel Industries, Kallanish notes.
Bolt and Nickel Industries had in December 2021 entered a similar agreement which did not close within its agreed timelines. This was due to the decision by the Indonesian government to revoke the mining permit for …
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