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Glencore Xstrata Sells Sinclair Nickel Mine to Talisman for $10 million
Oct 22, 2014 13:34Glencore Xstrata has agreed to sell the Sinclair Nickel Project to Talisman Mining for $10 million.
by MetalMiner IndX Reports on October 21, 2014 - Glencore Xstrata has agreed to sell the Sinclair Nickel Project to Talisman Mining for $10 million.
Talisman reached a binding agreement with Xstrata Nickel Australiasia (a subsidiary of Glencore) to sell the mine for $8 million plus a deferred payment of $2 million.
The deferred payment will be contingent on production being recommenced within 6 years of the initial transaction’s completion.
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