- Write by:
-
Tuesday, August 21, 2018 - 6:19:03 PM
-
1237 Visit
-
Print
Mining News Pro - An Australian nickel producer has completed one of the biggest IPOs on the ASX, officially entering the global nickel market.
An Australian nickel producer has completed one of the biggest IPOs on the ASX, officially entering the global nickel market.
Nickel Mines has raised A$200 million in an IPO, which values the company at around A$485 million.
The IPO is one of the largest offerings on the ASX in the last 12 months.
Nickel Mines is looking to become a globally significant, low-cost producer of Nickel Pig Iron which is a key ingredient for the production of stainless steel.
Its key asset is the Hengjaya Nickel Mine in Indonesia, which is a large tonnage, high grade saprolite deposit located in the Morowali Regency of Central Sulawesi.
Nickel Mines holds am 80% interest in PT Hengyaya Mineralinda (which subsequently holds 100% pf thee mine), with the remaining 20% owned by an Indonesian partner; the Wijoyo family.
Short Link:
https://www.miningnews.ir/En/News/242996
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...