Philippines’ Global Ferronickel sees steel venture operational by 2021
The project will require an initial investment of $20 million, plus $10 million for capital expenditures.
The project will require an initial investment of $20 million, plus $10 million for capital expenditures.
Pala’s offer – equivalent to C$5.75 per share – represents a 66% premium to Cobalt 27’s closing share price of C$3.47 on June 17.
Court doubled the fine applied against the company to 200,000 Real ($52K) for each day it kept the nickel complex open, despite a February ruling that ordered the full suspension of operations at the site.
According to documents released late Thursday, EPA staff scientists voiced their concerns about key permits for the NorthMet project issued by the Minnesota Pollution Control Agency (MPCA) in late 2018.
Heavy rainfall may continue to lash Southeast Sulawesi and many other provinces until Saturday.
The claims are within the company's Falcon Nickel project.
Some shareholders at Russia's Norilsk Nickel were not satisfied by a proposal to change its dividend policy.
The Indigenous group will become a shareholder in Noront.
The company has received assay results for the final 24 holes of the winter drill program at its West Bear cobalt-nickel property.
The LME nickel market was last week gripped by the most acute tightness in a decade.