$50 million expansion for nickel mine in Guatemala
The Fenix project, which mines nickel, closed a deal for $50 million with FLSmidth to improve their installations.
Wednesday, October 15, 2008
FLSmidth will provide the engineering to update existing equipment and will provide new industrial machinery.
Skye Resources shareholders approved the merger and stock takeover by HudBay Minerals in exchange for a shareholding stake worth $396 million.
With the injection of 100 million dollars in capital from HudBay Minerals Inc., the nickel mine at El Estor, Izabal has been given new life.
The Canadian mining company will sell the nickel mining project to the Solway Group, for approximately $170 million.
Russian firm Solway Investment Corporation plans to invest about $1.5 billion in the FeNix ferronickel mining project.
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