Appian announces sale of Brazilian companies, Atlantic Nickel and Mineração Vale Verde, to ACG for US$1.065 billion thaipr.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thaipr.net Daily Mail and Mail on Sunday newspapers.
ACG Acquisition Co. has bought two nickel-copper mines in Brazil for US$1bn, backed by Glencore, Stellantis, and PowerGo, to expand production and supply
Appian announces sale of Brazilian companies, Atlantic Nickel and Mineração Vale Verde, to ACG for US$1.065 billion prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
LONDON, June 12, 2023 /PRNewswire/ Highlights Funds advised by Appian agree the sale of the wholly owned Atlantic Nickel andMineracao Vale Verde to ACG for US$1.0 billion, while ACG will also pay US$65 million to extinguish the gold stream over Mineracao Vale Verde, all in cash Provides a compelling value proposition forACG, which will be the only London-listed nickel sulphide producer of scale, creating a natural platform for further growth and consolidation of critical metals assets focused on leading western OEMs Transaction reflects the significant work tooptimise the assets, demonstrating the strength of Appian's operating model and its ability to identify, acquire and develop mining projects Acquired Atlantic Nickel out of bankruptcy in 2018, executing a successful restart, with first quartile C1 cost performance (c. US$3.16/lb Ni for the open pit and c. US$2.02/lb Ni for the underground), defining an underground resource and extending mine life to 35 years Purchased Minerac
LONDON, May 23, 2023 /PRNewswire/ Atlantic Nickel ("Atlantic Nickel" or the "Company") and Appian Capital Advisory LLP ("Appian") are pleased to announce continued strong operational and