09
Dec
10:03
Nickel Mines to control Oracle Nickel Project
Australia’s Nickel Mines has executed a binding definitive agreement with its partner Shanghai Decent Investment (Group) Co, Ltd to acquire a 70% equity interest in the Oracle Nickel Project in Indonesia, Kallanish observes.
The transaction is expected to close following shareholder approval, which is planned to be sought in the first quarter of 2022.
As agreed, the deal will cost Nickel Mines $525 million, of which $371m is for equity transfer. The company…
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Very good overview of the weekly steel market.
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