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    Western Areas Acquires Kagara Nickel

    Investing News Network
    Mar. 14, 2012 03:59PM PST
    Base Metals Investing

    Western Areas (TSX:WSA,ASX:WSA) announced it has acquired Kagara Nickel Pty Ltd for A$68 million.

    Western Areas (TSX:WSA,ASX:WSA) announced it has acquired Kagara Nickel Pty Ltd for A$68 million.

    As quoted in the press release:

    The effective date of the transfer of all nickel assets to the Company, including the high grade Lounge Lizard deposit, is 1 March 2012. The formal completion of the acquisition finalises the agreement announced by Western Areas on 5 March, 2012. All ore production, milling and sales from that date onwards are attributable to Western Areas.

    Click here to read the Western Areas (TSX:WSA) press release.  

    tsx:wsaasx:wsa
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