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The global nickel market will see a new manufacturer

In the near future the global nickel market will get acquainted with a new manufacturer. They will be the company «China Hanking Holdings» — one of the most powerful mining holdings of China, until now concentrated in the portfolio assets of the enterprise on extraction and enrichment of iron ore.

Despite the fact that in recent years the market operators alloying metals are experiencing serious difficulties, management «China Hanking» decided to diversify its business is through the purchase of nickel assets. To this end, the company's management will acquire «Northeastern Lion Limited» controlling stake Securities Corporation, which owns a number of metal deposits in the south-eastern tip of the Indonesian island of Sulawesi. «With the purchase of» NLL «," China Hanking «achieve maximize shareholder value and will be able to take the next step toward world leadership among mining companies," — commented on the news of Chinese CEO of the holding company — Mr. Pan Guocheng.

«China Hanking Holdings» (Shenyang City) — the largest producer of iron ore in the North-East China. The company operates in the market for over 15 years and supplies products for the most powerful steel companies in the country. The transaction in question in the plot, will cost the owners holding at 311.8 millions of RMB, which translated into US dollars correspond to the amount in 50,01mln.

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