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Investment company gets an access to nickel deposits

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Investment company Krezus gets an access to nickel deposit,  PKO BP wrote in its daily newsletter. 

Krezus has started a cooperation with an Indonesian company Nickel Mining Indonesia. This year both parties aimed at opening an open-pit nickel mine on Seram island. 

The pure metal resources in the bed are estimated at at least 460,000 metric tones. At present, at global commodity markets one tone of nickel costs USD18,300. 

Krezus doesn`t provide any additional details of the venture.

The investment needs at the very first stage of the projects are estimated at USD 11 million. Seram project is just one Krezus plans to launch in the near future. 

Over last 12 months Krezus share price almost tripled. 

2013-02-12



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