Nickel Mines Limited (ASX:NIC)

Justin Werner
MD
Market Cap (AUD): 3.19B
Sector: Materials
Last Trade (AUD): 1.25 -0.02 (-1.57%)
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1. About

Nickel Mines Limited (ASX: NIC) is a globally significant, low cost producer of nickel pig iron (NPI), a key ingredient in the production of stainless steel, having established a financial, operational and strategic partnership with China’s Tsingshan group, the world largest stainless steel producer.

Nickel Mines owns an 80% interest in the Hengjaya Nickel and Ranger Nickel RKEF processing facilities within the Indonesia Morowali Industrial Park, the world’s largest vertically integrated stainless steel facility with a current stainless steel production capacity of 3.0 million tonnes per annum.

Nickel Mines also holds an 80% interest in the long life, high grade Hengjaya nickel mine located in Morowali Regency, Central Sulawesi, Indonesia just 12 kilometres from the IMIP. Completion of the acquisition of 70% of the Angel Nickel project will more than double Nickel Mines’ attributable nickel metal production based on nameplate capacities of its RKEF projects.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk