Wednesday, August 20, 2008
Skye Resources shareholders approved the merger and stock takeover by HudBay Minerals in exchange for a shareholding stake worth $396 million.
The merger will allow the
HudBay Minerals mining company to take over the Fenix project located in El Estor, Isabal, Guatemala, which is considered to be the world’s fifth largest reserve of nickel.
Tuesday, June 24, 2008
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.
At the end of January, the Guatemala Nickel Company, a subsidiary of the Canadian mining company
Skye Resources Inc., suspended operations to look for a new partner to provide more capital.
Friday, September 18, 2009
No start date has been set for the reopening of the Fenix nickel project in
Guatemala, owned by HudBay Minerals.
The project was acquired by HudBay last year when it purchased Canadian miner
Skye Resources. It was then suspended as nickel prices plummeted, in the wake of the global economic crisis.
Wednesday, October 15, 2008
The Fenix project, which mines nickel, closed a deal for $50 million with FLSmidth to improve their installations.
FLSmidth will provide the engineering to update existing equipment and will provide new industrial machinery.
The expansion should double the current production capacity.