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ASX-listed Nickel Industries has unveiled a US$471 million capital raising of nearly US$500 million to further grow its nickel business in Indonesia.
First production at Oracle, Indonesia
An initial total $471 million is being priced at A$1.02 and primarily involves institutions and the Chinese vendor of the high-pressure acid leach asset Nickel Industries is buying a stake in.
Comes as firm looks to develop Josemaria project in Argentina
Nickel's next crisis, oversupply
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