MMG offloads mothballed Avebury nickel mine

Metals miner MMG has executed a share sales agreement to divest of its idled Avebury nickel mine, in Tasmania, in a deal valued at A$25-million. The agreement, with privately held Dundas Mining, would see MMG receive a deposit of A$1.5-million on the signing of the agreement, with a further A$23.5-million due on the completion of the transaction.