CAPITAL MARKETS

First Nickel buys Sudbury mine

CANADIAN company First Nickel Inc has confirmed it's bought Falconbridge’s closed Lockerby mine near Sudbury in a deal valued at $C8.62 million and comprising cash, shares and the assumption of liabilities.

Michael Quinn
First Nickel buys Sudbury mine

Lockerby produced more than 8 million tonnes grading 1.79% nickel and 1.07% copper from 1976 until it shut down in September 2004. Current resources were undisclosed. However First Nickel stated it would...

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