AIM improvement helps Western Areas nail FinnAust listing

It has taken a couple of attempts and there are still approvals to be received, but nickel miner Western Areas appears to have found a way to list its Finnish subsidiary on London’s Alternative Investment Market.

An offshore listing was always a logical option for the 84 per cent owned FinnAust Mining subsidiary given the distance of its assets from Western Areas’ core activities in Western Australia’s Forrestania nickel belt. The first attempt to get FinnAust up on AIM, which took place about this time last year, was unsuccessful because of the depressed state of the market.