ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia.
Nickel Mines in April this year announced plans to increase its shareholding in the Ranger project from 17% to 60%, ahead of first production, at a cost of $121.4-million.