Nickel Mines Limited (ASX:NIC)
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.