The first tranche of $40 million will convert into an 8.9% equity stake in Kabanga Nickel (7.5% see-through interest in Tembo Nickel Corp) once approvals and conditions are met. Once invested and on conversion, the second tranche of $50 million will increase BHP's equity stake in Kabanga Nickel to 17.8% (15% see-through interest in Tembo ...