Glencore sells Dominican Republic Nickel mine to American Nickel

Santo Domingo.- Nickel miner Falconbridge Dominicana (Falcondo) on Thur. announced that American Nickel Limited (ANL) acquired 100% of its shares from Glencore Canada Corporation, becoming the Dominican company´s majority stakeholder.

“With the transaction, the property and rights of the other shareholders of Falconbridge are preserved unchanged, including the Dominican Government, who will continue to receive over 50% of the profits,” the company said in a statement.

Read more at: http://www.dominicantoday.com/dr/economy/2015/8/13/56091/Glencore-sells-Dominican-Republic-nickel-mine-to-American-Nickel

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