NEW HIGH-GRADE NICKEL SULPHIDE DRILL INTERCEPTS AT NEPEAN

Indonesia is in talks with China’s Tsingshan Holding Group and Australia’s Fortescue Metals Group to build a new industrial estate for metal smelting near a planned hydropower plant on Borneo island, a minister said on Tuesday.

First nickel concentrate from the mine is expected to be delivered in Q1 2022.

ASX-listed Nickel Mines has completed a $175-million senior secured note offering to help fund the second stage acquisition of the Angel Nickel project, in Indonesia.

A scoping study into the Jaguar nickel sulphide project, in northern Brazil, has found that the project could produce some 275 600 t of nickel and would have an initial mine life of ten years.

Nickel developer Mincor Resources has executed a A$55-million syndicated facility agreement with a tier 1 banking syndicate to underpin the development of its Kambalda nickel operations, in Western Australia.

According to MiningWeekly, Indonesia allow to export unprocessed ore.

But the revival of metal demand comes with strings attached, with consumers and industry experts emphasising the need for environmental.