Since Scott Hand and another former senior Inco executive have joined Canada-based mining company Royal Nickel Corp., the company has received a CAD 21.8 million investment from a major Chinese metal distributor. Ningbo Sunhu Chemical Products Co. Ltd will acquire a 15.6% equity stake in the Toronto-based nickel company as a result of the investment. Nignbo’s investment values the privately held Royal Nickel at about USD 145 million. Mr Hand, who was Inco’s chairman and chief executive when the company was sold to Brazil-based Vale becomes chairman of Royal Nickel’s board of directors, while former Vale Inco executive Tyler Mitchelson will be made president and chief executive. Sunhu’s chief executive will also join Royal Nickel’s board of directors once its investment is made formal.