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Nickel Mines to double nickel profile

NICKEL Mines is to outlay about A$700 million for a 70% interest in four nickel furnaces (and associated power plant) with total capacity of 36,000t per annum of nickel within the Weda Bay Industrial Park that's being built on Halmahera Island in Indonesia's North Maluku province.

Michael Quinn
Nickel Mines to double nickel profile

Nickel Mines must stump up US$210 million by the end of the March quarter next year to secure an initial 30%, with another $280 million due in December 2021. Initial payments totaling $30 million will...

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