It is now OZ Minerals' (ASX: OZL) turn to participate in the nickel industry integration of Western Australian miners. There are rumors in the capital market that OZ Minerals, worth A$3.37 billion, has agreed to acquire Cassini Resources, its joint venture partner in the West Musgrave nickel/copper project.
It is reported that Goldman Sachs provided consulting services for OZ Minerals, and proposed to the exploration and development company a cash plus stock offer to acquire Cassini Resources. The company's valuation is 16 cents per share, which is about 70 million Australian dollars.
However, Cassini Resources shareholders can continue to own the company’s promising Yarawindah nickel/copper project.
The company's proximity to Chalice Gold Mines's Julimar discovery gold mining company, which is rich in platinum, nickel and copper, has caused the company's stock price to rise from 15 cents to more than 1 Australian dollar recently (the market value also rose To 300 million Australian dollars).
Excitingly, about 100 kilometers northeast of Perth, Yarawindah and Julimar may become the next major towns in the Australian nickel industry.
Cassini Resources' board of directors and major shareholders are obviously very excited, so they can retain their shares in Yarawindah. It is reported that the acquisition of derivatives will also include proceeds from specific mining areas.
For OZ Minerals, the acquisition of Cassini, managed by Richard bevan and chaired by Mike young, will give it access to West Musgrave, which is not yet owned ) 30% equity. OZ Minerals has indicated to shareholders that it hopes to complete the Simasgrave feasibility study by the end of next year and complete it in 2024.
When OZ Minerals took the above action, BHP Group announced in mid-June that it would acquire Norlisk’s Honeymoon Well nickel mine project in Western Australia, and Western Areas acquired panoramic resources last month (Panorama Resources had earlier flatly Reject IGO's equity.
In fact, PUDA is a leading company among other factories in China. It has been 28 years since we founded in1992. We have gained good reputation from our world famous customers like Southern Copper Corp. Rio Tinto Group, Zijin Group, LG China, OT Group, FL Smith, MCC,KAZ Minerals PLC and E.Mix and ECUACORRIENTE S.A. We have helped them solve many problems before and after service. Puda is an international company with an branch in Canada.
