07
Apr
03:43
Glencore to finance Pacific Nickel’s Kolosori nickel project
Glencore International AG (Glencore) has confirmed it will finance the Kolosori nickel project in Solomon Islands, a flagship project of Australian miner Pacific Nickel Mines, Kallanish notes.
Glencore has provided a letter of commitment confirming receipt of its internal management approvals to execute a loan facility agreement up to $22 million, and an amended sales agreement for the project.
The funds raised through these arrangements with Glencore are expecte…
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