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Construction flying at Angel for Nickel Mines

NICKEL Mines is making good strides at its 80%-owned Angel nickel project development in Indonesia, flagging first production about six months ahead of schedule.

Staff Reporter
Construction flying at Angel for Nickel Mines

The nickel pig iron producer said the first of four production lines would kick into action in March next year, with the other three progressively being booted-up such that by June all four would be operational.

However, production will run at less than the combined 36,000t per annum nameplate capacity until later in the year when construction of the associated power station for the project surges into life.

In the interim the Angel production lines will share the power grid established for the IWIP complex that Angel is a part-of.

Nickel Mines' Angel project is being built by Chinese partner and shareholder Shanghai Decent.

Angel will double Nickel Mines' production to north of 50,000t per annum.

Shares in Nickel Mines were up 5.5% to $1.15 in afternoon trade, capitalising the company at $2.9 billion.

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