Latest Breaking News On - Mirabela nickel - Page 1 : comparemela.com

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

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