22
Sep
11:33
CNGR raises funds for nickel projects
Shenzhen-listed CNGR Advanced Material has received a response from regulatory bodies on a fundraising plan for several nickel related projects. The total fundraising amount will not exceed CNY 6.68 billion ($943.94 million).
According to the announcement, CNGR plans to inject the fund into a 60,000 tonnes/year high-grade nickel matte project based on Indonesian laterite nickel ore smelting, a 60,000 t/y nickel sulfate project in western Guizhou, a 80,000 t/…
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