Sherritt takes control of nickel project

Dec 01, 2010 | 12:12 PM |

Sherritt International Corp. has acquired a controlling stake in Rio Tinto Plc's Sulawesi nickel project in Indonesia in exchange for $110 million in funding for a feasibility study, Sherritt said.

Sherritt will acquire a controlling 57.5-percent stake in the holding company that owns the Sulawesi project. Rio Tinto will continue to hold the remaining 42.5 percent.....

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