Centaurus Metals to acquire nickel sulphide project from Vale

Salobo West, Pará, Brazil. Image by Centaurus Metals

Australia’s Centaurus Metals Ltd on Tuesday said it had reached an agreement to acquire a large-scale nickel sulphide project from Vale SA in northern Brazil.

The deal which comprises of an upfront cash payment of $250,000, also includes the transfer of the Salobo West copper-gold project tenements to Brazil’s Vale.

Vale, the world’s largest iron ore exporter, will also have the right to purchase 100% of production from the Jaguar nickel sulphide project under a future offtake agreement, the company said in a statement.

(By Shriya Ramakrishnan; Editing by Stephen Coates)

658 0

Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More Latin America News