CAPITAL MARKETS

Phelps Dodge takes closer look at laterite nickel

US copper giant Phelps Dodge has tossed its hat into the laterite nickel ring by approving a US$20 million feasibility study into the Ambatovy prospect on the Indian Ocean island of Madagascar.

Tim Treadgold

Phelps Dodge said it had issued a contract to Canadian company Dynatec to conduct a detailed analysis of Ambatovy which, if developed, would be of a similar size to Anaconda Nickel’s Murrin Murrin mine,...

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