Poseidon Completes Purchase of Black Swan
Poseidon Nickel Limited (ASX:POS) is pleased to announce that it has taken full operational control of the Black Swan nickel operation from OJSC MMC Norilsk Nickel (“Norilsk”). This follows announcement of the acquisition in 2014 which was then subject to legal completion activities.
The acquisition of the project brings with it the Black Swan nickel sulphide concentrator plant, the Black Swan sulphide ore open pit mine and the Silver Swan underground mine. The processing plant was extensively upgraded and expanded in 2006 and was put on care and maintenance in February 2009 during the financial crisis. The plant has a proven throughput capacity of 2,150,000 tonnes per annum of ore.
To find out more about the latest acquisition, please click here.