Nickel Asia to buy stake in Kazakhstan mining firm

NICKEL Asia Corp. has signed an agreement to acquire a 20-percent stake in a copper mining firm in Kazakhstan, marking its entry into Central Asia as it seeks to diversify beyond nickel production.

In a disclosure on Wednesday, the company said it had entered into a “membership interest sale and purchase agreement” with Silk Road Resources Ltd. for 20 percent of East Copper Production LLP.

East Copper owns 100 percent of GRK MLD LLP, which holds subsoil use rights for the Karchiga copper mine in…