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Home / Metal News / Glencore Xstrata Sells Sinclair Nickel Mine to Talisman for $10 million

Glencore Xstrata Sells Sinclair Nickel Mine to Talisman for $10 million

Oct 22, 2014 13:34

Source:SMM

Glencore 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.

For full access to:http://agmetalminer.com/2014/10/21/sinclair-buys-talisman-nickel-mine-from-glencore-xstrata-for-10-million/

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