Australia's Nickel Mines up on deal to buy Indonesia nickel project
22/12/2021 03:12
** Shares of Nickel Mines Ltd NIC.AX rise as much as 4.5%
to A$1.405, their best session since Nov 25
** The nickel producer signs conditional share purchase deal
with Canada-listed Bolt Metals Corp BOLT.CD to buy Tablasufa
Nickel Project in Indonesia for $8.5 mln urn:newsml:reuters.com:*:nFWN2T60T2
** "Through the acquisition of Tablasufa, Nickel Mines will
further grow its presence in the emerging nickel province of
West Papua," says NIC Managing Director Justin Werner
** NIC touches highest level since Dec 6
** Stock has risen 21.7% this year, as of last close
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))