It is declared that China’s Jinchuan Group Limited will take a stake of about 51% in Zambia’s sole nickel mine Munali which had halted production since this Mar forced by the dipping price of nickel ore. For full story, click here
First Point Minerals Corp. declared has acquired by staking 100% of four new nickel properties north of First Point’s Decar nickel property. For full story, click here
Reuters quoted the metals giant stated in a statement that Russian state bank VEB has purchased a 3.68% stake in the world’s top nickel producer Norilsk Nickel. For full story, click here
State conglomerate Russian Technologies is interested in taking 40 percent of Norilsk Nickel should the owners of the world’s leading nickel miner fail to repay debts to the state. For full story, click here
Russian miner Norilsk Nickel has sold its entire 5.56 percent stake in regional power generator TGK-1 in north-western Russia. For full story, click here
China’s second largest nickel producer, Jilin HOROC Nonferrous Metal Group Co. Ltd., has increased its stake in Australia’s Metallica Minerals Ltd. to 15.1% to become its largest shareholder, Metallica said Thursday. For full story, click here
Resources investor Lion Selection Ltd. (LST.AU) on Monday reported that the sale of its 20.5% stake in nickel miner Albidon Ltd. (ALB.AU) has failed because of weak market conditions. For full information click here
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