Pacific Imperial Mines Acquires Brazilian Nickel-Copper Property

By Midnight Trader,  December 04, 2012, 02:48:16 PM EDT

Pacific Imperial Mines Inc. (PPM-H.V) announced that the company, through its Brazilian subsidiary, Pacific Imperial Mineracao do Brasil Ltda., was the successful bidder and has been awarded a 100% interest in the Marcionilio Nickel-Copper property.

The property was recently offered for public tender by the owner, Companhia Baiana de Pesquisa Mineral. Financial terms were not released.

CBPM is a Bahia State-owned mineral exploration company that carried out the initial exploration work and identified the property as having economic mineral potential.

The company expects to sign an exploration and development contract for the property with CBPM in early January 2013.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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