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By Melanie Burton
MELBOURNE (Reuters) - Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow in nickel as it closes out its A$750.3 million ($501.4 million) buyout of miner Mincor Resources, its CEO said.
Wyloo has breached the 90% holding in Mincor for compulsory acquisition, it said on Wednesday, and the takeover is expected to be sealed in coming weeks.
A key attraction for the buyout is Mincor's Cassini nickel sulphide depos...
>>> Read more: Andrew Forrest's Wyloo looks for more nickel deals as it seals Mincor buy
MELBOURNE (Reuters) - Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow in nickel as it closes out its A$750.3 million ($501.4 million) buyout of miner Mincor Resources, its CEO said.
Wyloo has breached the 90% holding in Mincor for compulsory acquisition, it said on Wednesday, and the takeover is expected to be sealed in coming weeks.
A key attraction for the buyout is Mincor's Cassini nickel sulphide depos...
>>> Read more: Andrew Forrest's Wyloo looks for more nickel deals as it seals Mincor buy
