Nickel Mines raises first A$179m

ASX-listed Nickel Mines has completed the institutional component of its entitlement offer, raising an initial A$179-million.

The company earlier this week flagged a A$231-million equity raise to fund the purchase of an additional 20% interest in the Hengjaya and Ranger Nickel rotary kiln electric furnace (RKEF) plants, in Indonesia.