Nickel Mines in A$231m equity deal

MINING WEELKY | ASX-listed Nickel Mines has launched a A$231-million equity raise to fund the purchase of additional interest in the Hengjaya and Ranger Nickel rotary kiln electric furnace (RKEF) plants, in Indonesia.

Nickel Mines on Tuesday revealed that it had struck an agreement with project partner Shanghai Decent Investment Group to acquire an additional 20% interest in each of the RKEF plants, taking its stake in each plant to 80%, at a combined price of some $150-million.

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