01
Jun
10:47
NICKEL: Ganfeng Lithium to enter nickel ore business
Chinese listed firm Ganfeng Lithium has decided to participate in FE Resources’ laterite nickel business by investing in the exchangeable bonds of its parent company, Silkroad Nickel, Kallanish notes.
Ganfeng will use $15 million to purchase Silkroad’s three-year exchangeable bonds, at an interest of 7% and a guarantee of a 100% stake in FE. Six months after the investment takes effect, the bonds can be converted to a 25% equity stake in FE, and Ganfen…
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