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Santa Rita nickel sale wobbles again

The sale of the Santa Rita nickel mine is wobbling again as discussions between the vendor, Appian Capital Advisory, and the buyer, a special purpose acquisition company called ACG Acquisition Co, blow past their mandated deadline of August 18.

Paul Harris
Appian Capital Advisory's Serrote operation in Brazil.

Appian Capital Advisory's Serrote operation in Brazil.

AGC warned the deal may collapse and its acquisition agreement may be terminated at any time, although discussions continue. In June, ACG and its anchor investors struck a deal to buy Appian's Serrote...

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