19
Oct
11:40
Nickel Mines acquires Tsingshan's Indonesian nickel assets
Australia miner Nickel Mines has signed a memorandum of understanding to buy 70% of Indonesia's PT Angel Nickel Industry (ANI) for $490 million. Nickel Mines aims to double ANI's nickel production within two years, Kallanish notes.
As a result of the deal, Nickel Mines would control 25,200 tonnes/year of nickel pig iron (NPI) production out of the total 36,000 t/y NPI output from the plant. It plans to build four rotary kiln electric fu…
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