Founded in 2012, Consolidated Nickel Mines Ltd (“CNM”) is a private investment company focusing on nickel production opportunities. CNM is an operating subsidiary of Consolidated Mining & Investments Ltd (“CMI”). CMI functions as the holding company and CNM owns and operates the nickel projects identified by CMI, thereby accommodating local participation.
CNM has been evaluating opportunities for consolidation of the nickel prospects in Southern Africa and as the first step has identified the Munali Nickel Mine as being a key building block to the consolidation story. CNM proposes to restart the mining operations at Munali with the concentrate product transported to one of the nickel and copper smelters in the SADC region.