Nickel Mines takes 50% stake in Angel

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%.

Nickel Mines paid its project partner Shanghai Decent Investment Group $137.6-million for the 20% interest in the project, and could increase its shareholding in Angel Nickel to 80%, by paying a further $210-million before the end of December this year.