News Articles for Mirabela Nickel

Shares in Mirabela Nickel have been placed in a trading halt as the company prepares for a $US95 million ($A145 million) capital raising.

Mirabela Nickel will need to raise less equity after securing a further $US40 million towards its $US150 million debt facility.

Perth-based Mirabela Nickel Ltd has drawn down the full $70 million loan from Russian company Norilsk Nickel.

West Perth-based Mirabela Nickel Ltd will spend a further $68 million on its Santa Rita nickel project in Brazil to increase the production rate by 40 per cent.

It's the kind of story that would be big news in so many places. A couple of boffins come together with a pair of money men, see a gap in the market, and set up a business.

West Perth-based miner Mirabela Nickel Ltd has boosted capital expenditure on its Santa Rita nickel project in Brazil by 22 per cent to US$322 million ($372.4 million).

West Perth-based Mirabela Nickel Ltd has decided to proceed with its US$263 million (A$300 million) Santa Rita nickel project in Brazil, appointing GRD Minproc to provide engineering, procurement, commissioning and construction consulting services.

West Perth-based nickel explorer Mirabela Nickel Ltd has raised around $20.7 million through a placement to Companhia Vale do Rio Doce-Inco Ltd.

11,000,000 share placement has closed oversubscribed

Dundee Corpoartion became a substantial shareholder with a relevant interest of 4,553,000 ordinary shares (7.67%)

2,200,000 ordinary fully paid shares will be released from escrow on 6 May 2005.

Advise that 1,100,000 unlisted options will be released from escrow on 8 March 2005.

2,250,000 ordinary shares will be released from voluntary escrow on October 18.