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The Inside Story: Sandile Zungu and a Former Glencore Trader Take Over Sumitomo’s Failed Madagascar Nickel Mine

Sumitomo is paying $418 million to walk away from the Ambatovy nickel mine after $2.6 billion in cumulative losses, with a Jersey-based consortium led by former Glencore nickel head Jason Kluk and South African investor Sandile Zungu taking over.

The Inside Story: Sandile Zungu and a Former Glencore Trader Take Over Sumitomo’s Failed Madagascar Nickel Mine

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