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Resource Investor reports the Chinese Lunar New Year of the Tiger brings many hidden treasures and opportunities in the resources sector. The Chinese appetite for nickel has been most recently been demonstrated by the Jilin Jien Nickel Industry Co., Ltd., the second largest nickel producer in China. On November 10, 2009, they completed the takeover of …
Resource Investor reports the Chinese Lunar New Year of the Tiger brings many hidden treasures and opportunities in the resources sector.
The Chinese appetite for nickel has been most recently been demonstrated by the Jilin Jien Nickel Industry Co., Ltd., the second largest nickel producer in China. On November 10, 2009, they completed the takeover of Canadian Royalties (TSX:CZZ) for their 21.3 million tonne Nunavik nickel deposit. This near term producer appears to be scheduled to produce a minimum 1 million tonnes of nickel a year for more than eight years, at an estimated capital cost of $450 million.