Forrest extends Poseidon loan

Mining magnate gives nickel miner an extra 12 months to repay $8m loan.

Billionaire miner Andrew Forrest has given Poseidon Nickel (POS) a further 12 months to repay an $8 million loan, as a close ally replaces him at the company.

Herbert Scruggs has been appointed Poseidon's chairman, four days after Mr Forrest stepped down from the position.


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