Nickel Asia in talks to sell Coral Bay stake to Sumitomo Metal

NICKEL ASIA Corp. (NAC) is in talks with its Japanese partner Sumitomo Metal Mining Co., Ltd. (SMM) to sell its stake in Coral Bay Nickel Corp. (CBNC), which operates a hydrometallurgical processing plant in Palawan. NAC is in “discussions and negotiations with SMM for the proposed sale of all of NAC’s shareholding in CBNC equivalent