RNC Minerals in talks to fund battery material mine: Reuters
RNC Minerals is in talks with commodity traders, mine operators and financiers to help secure US$1 billion to build the world’s biggest nickel and cobalt project next year, Reuters reported. A global battery boom, driven by growing demand for electric cars, is pushing prices higher for such key ingredients as nickel and cobalt and encouraging miners to accelerate development plans. Conditions are right to build Dumont in Québec, said RNC. With 3.15 million tonnes of nickel sulphide and 126,000 tonnes of cobalt, it is the largest undeveloped reserve of both metals in the world, the Toronto-based company said. RNC owns 50-percent of Dumont with Canadian mining private equity firm Waterton Global Resource Management holding the remainder.
15 January 2018•2 mins read
