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  • August 17, 2022
  • Industry News
Magna Mining looks to revive former Sudbury nickel, copper mine

Company acquiring former Crean Hill Mine on its path to become a mid-tier Canadian nickel miner

A Sudbury junior miner, with big ambitions to become a major Sudbury-area nickel producer, has picked up a choice piece of ground.

Magna Mining has entered into a definitive share purchase agreement to acquire all of the shares of Lonmin Canada in a deal worth $16 million.

The prize is the Denison Project which features the past producing Crean Hill Mine, a former Inco (now Vale) nickel and copper operation in the southwestern corner of the Sudbury basin.

Read the full story from Northern Ontario Business

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