Do they know something we don't or is this just speculation?
SteelGuru
October 29, 2008
Jervois Mining to develop USD 700 million nickel mine
A proposed USD 700 million nickel and cobalt mine near Young has moved a step closer, with approval of the proposed joint operation. Jervois Mining is in partnership with two Chinese companies to build and operate the mine. It has received USD 1 million from its partners to start developing the site.
Earlier this year, the three firms signed a frame agreement to develop the project and the Foreign Investment Review Board has now approved the joint operation.
Jervois Mining has also signed a lease for an office and houses in Young. Once operational the mine is expected to create hundreds of new jobs.
trading halt on thursday or friday, page-6
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