NIC nickel industries limited

News: NIC Nickel Mines Signed MoU With Shanghai Decent Investment (Group)

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    May 3 (Reuters) - Nickel Mines Ltd (NIC) :

    • SIGNED MOU WITH SHANGHAI DECENT INVESTMENT (GROUP) FOR TWO OF ITS FOUR 80% OWNED ROTARY KILN ELECTRIC FURNACE LINES
    • MOU FOR TWO 80% OWNED ROTARY KILN ELECTRIC FURNACE LINES TO UNDERGO MODIFICATIONS TO ALLOW THEM TO PRODUCE NICKEL MATTE PRODUCT
    • SHANGHAI DECENT HAS PROVIDED A FIRM UNDERTAKING TO PURCHASE ALL OF CO'S NICKEL MATTE PRODUCTION
    • OFFERED OPPORTUNITY TO CONVERT 2 OF ITS RKEF LINES OUT OF INITIAL 10 TO UNDERGO MINOR MODIFICATIONS REQUIRED TO PRODUCE NICKEL MATTE
    • REQUIRED MODIFICATION COST FOR EACH RKEF LINE IS EXPECTED TO BE MINIMAL, ABOUT US$1M PER LINE
 
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Last
71.5¢
Change
-0.005(0.69%)
Mkt cap ! $3.103B
Open High Low Value Volume
71.0¢ 72.3¢ 70.0¢ $3.115M 4.370M

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No. Vol. Price($)
4 87399 71.0¢
 

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Price($) Vol. No.
71.5¢ 30639 1
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