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Nickel December 19, 2014 07:05:42 AM

Poseidon nears to acquire Black Swan nickel project

Paul Ploumis
ScrapMonster Author
Poseidon Nickel, is getting closer to acquiring the Black Swan nickel project, which is located in Western Australia, from the Norilsk Nickel, just what is pending is the government and the environment permit receipts.

Poseidon nears to acquire Black Swan nickel project

CANBERRA (Scrap Monster): The companies are now working on transferring many numbers of laws which are attached to the tenements associated to the historical undertakings. Both the companies expect that the undertakings will be completely over by the month of March, next year. Earlier the companies were expecting to complete the deal by the end of this year.

Any ways it is relaxing that all the technical necessities which is associated with the restarting of Black swan Nickel operations is still unaffected and both the companies are thinking about the plan. The Managing director of Poseidon, stated that, the company had made good progress with the Black Swan nickel project. He also added that, the delay in acqusition is not about to affect the companies plans to restart the production activities in the mine. The company plans to restart the production at the Black Swan mine after the Windarra and Lake Johnston.

In order to complete the transfer of Black Swan nickel mine, certain conditions are to be satisfied. These conditions include the environmental and the government approval to the site. The approval should certify that the, mine was under care and is fit to start its operation again and production.

 

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