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Nickel Industries outlines funding plans for big ENC build

AS NICKEL Industries reported a net profit after tax of nearly US$50 million for the half year ending June 30, the company has said there will be no more equity required to be raised for the upcoming build of the big, multi-faceted Excelsior nickel-cobalt project in Indonesia.

Nickel Industries outlines funding plans for big ENC build

The planned 72,000t per annum nickel project is set to cost $2.3 billion to build, with Nickel Industries being liable for just over $1.2 billion given its 55% stake in the venture. Speaking on a conference...

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