QCG acquires MMG nickel mine

Chinese-backed MMG sells mothballed Tasmanian Avebury nickel mine for $40m.

Chinese-backed MMG has sold its mothballed Tasmanian Avebury nickel mine to QCG Resources for $40 million.

The sale comes on the back of MMG heading up a consortium that acquired the Las Bambas copper project in Peru for $US5.85 billion ($6.223bn).

Privately owned exploration company QCG is headed by Goldfields identities Chris and Doug Daws.

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