Cunico Resources looking to grow ferronickel stance

Apr 28, 2014 | 12:54 PM | Janie Davies

Tags  Anfield Nickel, nickel, Cunico Resources, Mayaniquel, nickel laterite, ferronickel, Janie Davies

LONDON — Cunico Resources NV’s acquisition of the Mayaniquel SA project in Guatemala fits the company’s strategy of maintaining its position as a fully integrated ferronickel producer and targeting assets in emerging economies, it said.

Cunico Resources agreed to buy Vancouver, British Columbia-based Anfield Nickel Corp.’s Mayaniquel subsidiary last week, acquiring 100 percent of existing shares for $43 million, although the final price is dependent on average nickel prices five years after the deal closes (, April 25).....

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