The Reliance Mining nickel assets CSM acquired in the Kambalda district does not have to be supplied to WMC/BHP's nickel concentrator, but they currently choose to do so as they don't own their own concentrator. With TIR, their Armstrong mine got an exemption from BHP/WMC as they rejected the ore, and are TIR are now free to do what they want to do with the Armstrong ore, but BHP/WMC will not be accepting it.
It is my understanding, that CSM are looking to buy a second hand concentrator, so this way they can concentrate both the Reliance and Titan's Armstrong ore themselves, and realise value this way for Armstrong, and get a higher margin for the Reliance mine.
CSM
cosmo gold limited
The Reliance Mining nickel assets CSM acquired in the Kambalda...
Currently unlisted. Proposed listing date: TBA
