02
Jan
04:31
Nickel Industries lifts stake in ENC
Australian miner Nickel Industries has completed the acquisition of an additional 8.25% interest in the Excelsior Nickel Project (ENC) in the Morowali industrial park in Indonesia's central Sulawesi, increasing its equity interest in the project to 13.75%, Kallanish notes.
Nickel Industries says in a statement that the additional 8.25% interest was secured through the cash payment of $189.8 million to acquire shares in the Singaporean incorpora…
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