[Ferro-Alloys.com] 

Western Australia offers royalty relief to struggling nickel producers

Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry.

In a statement on Saturday, Western Australia Premier Roger Cook announced a nickel financial assistance program, which he said would give a 50 percent royalty rebate for 18 months, when prices were below $20,000 per tonne, repayable over 24 months.

Federal Resources Minister Madeleine King on Friday placed nickel on the critical minerals list, meaning nickel companies will have access to financing under Australia’s $2.6 billion Critical Minerals Facility which offers low interest loans, and related grant programmes.

• [Editor:邢亚敏]