Black Mountain buys idled nickel mine from Panoramic
US private equity firm Black Mountain announced on Thursday that it would buy the Lanfranchi nickel mine, near Kambalda, Western Australia, as it seeks to tap into the growing battery minerals market.
The company will buy the idled Lanfranchi mine from Panoramic Resources for A$15.1-million in cash, strengthening the ASX-listed company’s balance sheet and placing plans to restart its Savannah nickel/copper/cobalt project on a sound footing