Western Areas buys Glencores Cosmos Nickel Complex for A2. Cosmos is an underground nickel operation located in Australia, 6. NE of Perth. Image from Mining Intelligence. Western Areas acquired Glencores Cosmos Nickel Complex, a project that will sit nicely alongside Western Areas existing Forrestania Nickel Operation in Western Australia. Glencore let the nickel operation go for A2. The project is located approximately 2. BHPB Leinster nickel operations and 3. Kalgoorlie in Western Australia. Festo Fluidsim Demo. Western Areas Managing Director, Mr Dan Lougher, commented that the acquisition was consistent with its growth strategy and given the companys successful exploration credentials and its agile and lean approach to projects, Western Areas skill sets would be appropriately utilised. The Cosmos Nickel Complex will complement our existing Forrestania Nickel Operations, and is an excellent, prudent and low cost investment which is consistent with our brownfields acquisition strategy. Western Areas strong track record in exploration, successful project development and low cost operations is precisely what this Project needs to prosper outside of the large corporate environment, Lougher said. We believe we have acquired the project at the correct stage of the current commodity cycle. Electrolux Manual Washing Machine. Weve now significantly increased our exposure to upside via substantial additional high quality development and exploration opportunities, as the nickel market is expected to move into a tighter demand and supply balance over the coming years. In a news release, Western Areas highlighted the benefits of the deal. World class nickel belt which has yielded one of the highest grade nickel mines ever discovered and operated. Substantial exploration opportunities in areas which remain largely untested 2. Third potential underground mine with the undeveloped Odysseus high grade deposit hosting a total Mineral Resource of 7. Extensive and well maintained operating infrastructure including a 4. SAG mill and large accommodation village to support an early startup. Consistent with Western Areas core strengths exploration, development, underground mining and conventional flotation utilising a well proven low cost operating model. Excellent timing in the commodity cycle with positive forward forecasts for nickel. Macbeth Script more. Acquisition price of A2. Village Cosmos Programma Shmera' title='Village Cosmos Programma Shmera' />A1. A7m and A6m nine and eighteen months postclosing respectively. Acquisition cost comfortably accommodated from Western Areas net cash position and ongoing positive cashflow. Village Cosmos Programma' title='Village Cosmos Programma' />Enjoy an affordable tour of Europe. Recommended by Budget Travel, Cosmos turns your travel dreams into reality. Book your tour with Cosmos Travel to London, Brussels, Prague more. Recommended by Budget Travel, Cosmos turns your travel dreams into reality.