Iron ore billionaire Andrew Forrest is poised to become a “major supplier of critical minerals” after his privately-owned Wyloo Metals completed its $760 million acquisition Mincor Resources (ASX:MCR).
The Fortescue (ASX:FMG) executive chairman, who in a previously life built one of Australia’s largest standalone nickel mines, Murrin Murrin, is putting his weight behind Australia’s nickel sulphide industry as it continues to emerge as a key cog in the global EV supply chain.
In Mincor, Forrest will take control of a network of high grade mines from which most of Kambalda’s historic output of 1.6Mt of nickel metal has come.
Looks like Twiggy Forrest is now one of AAR's next door neighbors now as well.Wonder if he would be interested in making another couple of Billion Dollars out of Mandilla??????
