Global Ferronickel inks $75-M China ore processor buy-in deal

Mining firm Global Ferronickel Holdings Inc. (FNI) has gained a foothold in China’s ore processing industry by acquiring 20 percent of nickel alloy enterprise Guangdong Century Tsingshan Nickel Industry Co. Ltd. (GCTN) for $75 million. FNI, in a regulatory filing on Monday, said it had signed the definitive agreement to buy 22.22 percent of GHGC … Continue reading Global Ferronickel inks $75-M China ore processor buy-in deal