Bitterroot, Below join forces at nickel-copper-PGM project in Michigan
As part of the deal, Below is required to fund $285,000 of exploration expenditures prior to the first anniversary of the agreement.
As part of the deal, Below is required to fund $285,000 of exploration expenditures prior to the first anniversary of the agreement.
Henry also said that the company would be willing to sell its thermal coal assets if a buyer offered a good value.
Larco, which is 55% owned by the state, is floundering under half a billion euros in debt.
Nickel is the weakest performer in the LME base metals pack so far this year.
The project is Nornickel's joint venture with Russian businessman Musa Bazhaev.
Wood Mackenzie predicts that nickel sulphate premiums will switch to discounts and Chinese nickel pig iron will stutter.
That sent benchmark London nickel prices CMNI3 to their highest in almost five years.
Greece will start a liquidation process for Larco in the coming days.
To date, the company has identified five zones of mineralization.
London Metal Exchange inventory has more than doubled in the space of little more than a month.