CAPITAL MARKETS

Permit issues see junior scrap Indonesian nickel deal

JUNIOR explorer Stonehenge Metals has scrapped plans to acquire a majority interest in an Indonesian nickel project, after issues of competing permits on the project could not be resolved.

Charlotte Dudley
Permit issues see junior scrap Indonesian nickel deal

Stonehenge acquired the right to explore the Mandiodo nickel laterite deposit in southeast Sulawesi in a deal with PT Global Titik Persada in December 2007. While Stonehenge intended to take an 85%...

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