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NIC goes 'strategic' in Indonesia on road to being global nickel powerhouse

Selling equity and likely asset stake to local business

Michael Quinn
NIC goes 'strategic' in Indonesia on road to being global nickel powerhouse

UT will pay $1.10 per new share in NIC, a circa 27% premium to the ASX company's last trading price. UT's probable involvement in the ENC project will see NIC reducing its stake from 75% to 55%, with...

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