Australia’s Nickel Mines company has completed the acquisition of an additional 20% stake in Angel Capital, a Singaporean holding company that is ultimately the owner of the Angel Nickel project in Indonesia.

ASX-listed Nickel Mines has completed the acquisition of a further 20% interest in the Angel Nickel project, in Indonesia, taking its stake in the project to 50%.

NEW HIGH-GRADE NICKEL SULPHIDE DRILL INTERCEPTS AT NEPEAN

First nickel concentrate from the mine is expected to be delivered in Q1 2022.

ASX-listed Nickel Mines has completed a $175-million senior secured note offering to help fund the second stage acquisition of the Angel Nickel project, in Indonesia.

Nickel developer Mincor Resources has executed a A$55-million syndicated facility agreement with a tier 1 banking syndicate to underpin the development of its Kambalda nickel operations, in Western Australia.

According to MiningWeekly, Indonesia allow to export unprocessed ore.

Indonesia is "ready to fight" the European Union's challenge of the Southeast Asian country's ban on nickel ore exports at the World Trade Organisation, arguing the bloc's actions may hinder Indonesia's development plans, the Trade Minister said.