Nickel rich-lister Kerry Harmanis pocketed close to $1 million this week, when shares in resources minnow Talisman Mining rose 52.4 per cent on Monday after the company acquired the Sinclair nickel project from Glencore.
The Sinclair project in Western Australia, which has been mothballed since August 2013, was scooped up by Talisman for $8 million plus a deferred payment of $2 million.
Mr Harmanis was the founding director of Jubilee Mines, a nickel miner acquired by resources giant Xstrata in 2007 for $3.1 billion.
The former barrister made about $500 million from the sale, which was sealed as global nickel prices rose to record highs.
Source: WA Today