Anglo American to buy 9.9% stake in Canada Nickel

Canada Nickel

08/02/2023 13:36

Feb 8 (Reuters) - Anglo American Plc  AAL.L  will buy a
9.9% stake in Canada Nickel Co Inc  CNC.V , the owner of the
Crawford nickel project in Ontario, in its bid to expand
production of the niche metal, the London-listed miner said on
Wednesday.
    Anglo American, which did not provide financial details of
the deal, said it would provide technology expertise to the
Crawford project and have the exclusive right to buy up to 10%
of recoveries of nickel concentrate, iron and chromium contained
in the magnetite concentrates and any corresponding carbon
credits from the project.
 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Maju Samuel)
 ((abyjose.koilparambil@thomsonreuters.com; +919986528692))