Business
Nickel Asia Seals $30-M Deal for 20% Stake in Kazakhstan Copper Mine
Nickel Asia Corp. of the Philippines has finalized a $30-million deal to acquire a 20% stake in a company holding rights to the Karchiga copper mine in Kazakhstan. This move allows the company to expand its exposure to the copper market without greenfield development risks and aims to strengthen its earnings base.
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Nickel Asia Corp. (NAC) has acquired a 20% stake in a copper mine in Kazakhstan through its Singapore subsidiary. The move aims to strengthen earnings and diversify its portfolio amidst high copper prices and rising demand, while mitigating greenfield development risks.