Minara pursuing Ravensthorpe acquisition

Nickel miner Minara Resources has announced it is exploring options to acquire BHP Billiton's Ravensthorpe nickel laterite mine.

Nickel miner Minara Resources has announced it is exploring options to acquire BHP Billiton’s Ravensthorpe nickel laterite mine.

In an earlier statement, Minara stated that it “confirms it is participating in the sale process.”

However the statement continued, “there is no certainty of the outcome of Minara’s participation in the sale process.”

It is “exploring various funding options.”

Minara was confirming a report that appeared earlier in the Australian Financial Review, which said that Chinese mine Jinchaun has withdrawn from a joint bid with Minara for Ravensthorpe.

BHP shut down Ravensthorpe earlier this year.

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