ENK Finalses Caldag Sale, Starts Drilling in Philippines
Investing News Network - November 16th, 2011
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.
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.