Nickel Asia Corp. is in talks to sell its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. Sumitomo Metal Mining is focusing on upstream mining and renewable energy businesses. Nickel Asia, which is partly owned by Sumitomo Corp, plans to sell its stake in Coral Bay Nickel Corp, the company said on Tuesday. It will also hire a third party to value Coral Bay’s shares.
Coral Bay is one of Nickel Asia’s two high pressure acid leaching (HPAL) plants and the only metal processing plant in the Philippines for the manufacture of stainless steel and electric vehicle batteries
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Post time: Jan-13-2025