Western Areas sells stake in Bluejay for A$27m

Nickel miner Western Areas has sold its 18.8% interest in Aim- and FSE-listed Bluejay Mining for A$27-million, the company announced on Friday. "This transaction will return material value back to Western Areas following a period of significant growth and value generation by Bluejay. It also assists in the transformation of Bluejay into a mineral sands developer with a stronger, and more appropriate, institutionally owned share register," Western Areas MD and CEO Daniel Lougher said.