Australia’s Kagara gives Lounge Lizard nickel mine the heave-ho
Australian copper and zinc miner Kagara Ltd. (ASX:KZL) is selling its Lounge Lizard nickel mine.
"Kagara and its adviser Goldman Sachs & Partners Australia have commenced discussions with potential purchasers of Kagara’s nickel assets. Kagara expects to finalise the sale process during the first quarter of 2012," Kagara said in a statement on Monday.
Reuters reported that Kagara's mining partner, Western Areas, is not interested.