Centaurus Metals to acquire nickel sulphide project from Vale
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)