04
Sep
09:12
Nickel Mines hikes Indonesian ferronickel investment
Australia-listed nickel miner Nickel Mines says it plans to increase its stake in a Hengjaya Holdings ferronickel smelting project in Indonesia to 60%. The project will boost supply for Tsingshan Group's stainless steelworks in the country, Kallanish notes.
The rotary kiln furnace investment was already 25% owned by Nickel Mines, which listed only in August. It will pay $80 million for an additional 35% of the company. It holds an option to take 100% o…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous