M&A

Global capital market firms getting interested in ASX-listed Nickel Mines

AUSTRALIA'S emerging new nickel company of global relevance, Nickel Mines, has taken another big step forward with the US$121 million deal to increase its stake in the Ranger venture in Indonesia, resulting in it effectively being a 20,000 tonne per annum producer and well on its way to becoming a more than 30,000tpa producer.

The Ranger project in Indonesia

The Ranger project in Indonesia

The current deal taking its stake in the 16,500t Ranger nickel pig iron business from 17% to 60% is being backed by Canadian resource house Sprott, which is set to come up with $100 million in debt. ...

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