African Eagle Plans Aggressive Nickel Mining

Mining Weekly reported African Eagle Resources (LSE:AFE) said it will raise 8 million pounds for its Dutwa nickel project in Tanzania.

As quoted in the market news:

The phase formed part of Dutwa’s bankable feasibility study, which was expected to be complete at the end of 2012.

The company said last month that it was pursuing an “aggressive” development timeline for the project, which was currently expected to cost $600-million.

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