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Nickel Mines becomes the second billion-dollar raiser this week

NICKEL Mines has become the second ASX-listed miner this week to pass A$1 billion worth of equity raisings, with its latest effort of US$225 million pegged to acquiring 30% of the currently being built Oracle project in Indonesia for which it will ultimately pay $525 million for a 70% stake.

Michael Quinn
Nickel from Nickel Mines in Indonesia

Nickel from Nickel Mines in Indonesia

The new shares are priced at A$1.37 each. The raising involves US$106 million going to undisclosed financial institutions, the same amount to key Nickel Mines shareholder Shanghai Decent and a potential...

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