CAPITAL MARKETS

Metals Finance sells Palabora plant

METALS Finance has offloaded its 50% stake in the nickel sulfate plant at the Palabora copper mine in South Africa for around $A5.4 million to Rio Tinto-controlled Palabora Mining Company.

MiningNews.Net
Metals Finance sells Palabora plant

In a statement, the Queensland-based company said the sale allowed it to recover its initial investment in the plant and subsequent interest costs. The company will use the cash from the transaction...

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