Indonesia weighs deep cuts to nickel mining to boost prices
Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal.
Zijin Mining Group Co Ltd said it plans a $280 million U.S. dollar-denominated bond issue, raising capital to acquire copper concentrate overseas for a smelter project of its unit.
In a filing to the Hong Kong bourse on Tuesday, Zijin Mining said the bonds would have maturity of five years and a fixed interest rate of 4.25 percent per year during its term with interest payable semi-annually.
