MMG in deal to sell Aussie nickel mine

China Daily (USA) - - BUSINESS -

China’s MM GLtd on Wednes­day said it will sell its long-idle Ave­bury nickel mine in Aus­tralia to a pri­vate ex­plo­ration com­pany for A$25 mil­lion ($19.19 mil­lion). The sale, which MMG ex­pects to fi­nal­ize by the year-end, re­quires Aus­tralia-based Dun­das Min­ing to pay a de­posit of A$1.5 mil­lion. Ac­cord­ing to MMG, the sale agree­ment will be com­pleted only when the full pay­ment is done.

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