ENK Finalses Caldag Sale, Starts Drilling in Philippines

Nov. 16, 2011 02:51PM PST

Mining Weekly reported ENK (ASX:ENK,AIM:ENK) has completed the sale of its Caldag nickel project, in Turkey, and has started drilling in the Philippines.

As quoted in the market news:

In September this year, ENK agreed to sell of its Caldag project for $40-million in cash to a private Turkish company. The miner said on Wednesday that it had now received the outstanding $34-million payable under the agreement.

Click here to read the full Mining Weekly report.