Jervois Mining to acquire Freeport Cobalt from Lundin Mining for $160m.

Jervois Mining, an Australian miner, agreed to acquire Freeport Cobalt, a Finland-based cobalt refining and specialty products business, from Lundin Mining, a diversified Canadian base metals mining company, for $160m. The Acquisition is expected to transform Jervois into a global, vertically integrated cobalt and nickel company of scale, led by a highly experienced management team. Post-acquisition, Jervois will be diversified across multiple products and value chain segments with significant relevance to leading cobalt producers and end-users.