Mining magnate Andrew Forrest has seized control of ASX-listed Mincor Resources which mines nickel – a key ingredient in rechargeable batteries.
Andrew Forrest’s Wyloo Metals wants to absorb WA nickel miner Mincor as the sector boosted by battery demand consolidates.
Miners from Europe to Australia and South Africa are restarting so-called “zombie” mines to benefit from the commodities price rally.