02
Apr
05:02
Nickel Industries ups stake in ENC
Australian miner Nickel Industries has completed the acquisition of an additional 13.75% interest in the Excelsior nickel project (ENC) in Indonesia, increasing its equity interest in the project to 27.5%, Kallanish notes.
The additional 13.75% interest was secured through a cash payment of $316.3 million to acquire shares in the Singaporean incorporated holding company, Excelsior International Investment, the ultimate owner of ENC.
The increase to a …
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