Nickel Mines Limited (‘Nickel Mines’ or ‘the Company’) is an Australian public company emerging as a globally significant, low cost producer of nickel pig iron (‘NPI’), a key ingredient in the production of stainless steel.
Nickel Mines now holds 80% economic interests in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (‘RKEF’) plants producing NPI within the Indonesia Morowali Industrial Park (‘IMIP’). Nickel Mines also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine (‘Hengjaya Mine’), a large tonnage, high grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.
In 2021, Nickel Mines has also acquired an 80% interest in the Angel Nickel project, comprising of four 54 KVA RKEF lines and a 380MW power plant, currently being constructed at the Indonesia Weda Bay Industrial Park (‘IWIP’).
Whilst we own a world class Nickel Laterite mine… This is not a mining story.
It’s a story about the production of the lowest capital intensive and some of the most profitable nickel units in the global market in partnership with the world’s largest, lowest cost stainless steel producer.