Marcventures Holdings to merge with two mining firms for $22.1 million

Philippine nickel miner Marcventures Holdings Inc. agreed to merge with Asia Pilot Mining Philippines Corp. and BrightGreen Resources Holding Inc. in a deal valued at US$22.1 million, gaining control of a bauxite mine in Samar and a nickel mine in Surigao del Sur.

“Marcventures' objective in merging with BHI is to gain control of BRC in order to increase the nickel reserves of MHI's nickel mines pursuant to possible ventures into nickel processing.”udaipurkiran.com

• 1 source
• udaipurkiran.comMarcventures Holdings Inc to merge with two other mining firms | Udaipur KiranBhupendra Singh ChundawatSep 12, 2017

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