Home / Directory / List News / Detail News

Nickel Industries' Indonesian nickel mine is now one of the 10 largest deposits in the world

suarapalu.com

Fri 16 Sep 2022, 10:15 AM

Share

Events

Nickel Industries (ASX:NIC) this morning announced a major increase in resources at the Hengjaya mine in Indonesia, positioning the ASX-listed company as one of the world's leading suppliers of nickel for stainless steel and batteries.


With t
he launch of the Angel Nickel project and the Oracle RKEF plant under construction, the fast-growing nickel producer expects to become one of the top 10 nickel metal suppliers globally by 2023, with a 100% nameplate capacity of 130,000 tons of nickel in Nickel Pig.

NIC is very focused on the rotary furnace electric furnace line built in a fast time with the help of China Xingshan's major partners and stainless-steel company

But his Hengjaya mine contains 300Mt of ore with an average of 1.22% nickel and 0.09% cobalt, 3.7Mt of nickel metal, and 270,000t of cobalt

Consisting of 1,784 hectares of the 5,983 hectares of Hengjaya concessions, new resources increased by 333% tons, resources increased by 20% and guessed resources increased by 53%.

This comes from drilling covering a grade of 6.36%, which should be used to avoid overestimating resources with a very high statistical cut of 2.42-2.91% nickel

NIC's high-grade saprolite resource of 72Mt, 1.8% nickel, will be used to supply 8.8Mt of ore per year to hengjaya, ranger, and oracle plants, with Hengjaya expected to supply 3.5-4Mt per year once the road is connected. Mining for industrial areas is completed.

Source: 
https://suarapalu.com/groundbreaker-tambang-nikel-indonesia-milik-nickel-industries-sekarang-menjadi-salah-satu-dari-10-deposit-terbesar-di-dunia/

Advertisement

Relate News

News
25 Jan 2023, 18:02 PM

Analysis: RI’s long journey to attract Tesla Gigafactory

www.thejakartapost.com
2834 Views
News
04 Apr 2022, 11:05 AM

Idemitsu Kosan sold 30% of its shares in Mitrabara Adiperdana

www.idnfinancials.com
3381 Views
News
31 Jan 2023, 15:12 PM

Government Ensures 17 Smelters to be Built in 2023

www.katadata.co.id
3844 Views
News
09 Jul 2024, 14:44 PM

Central Omega (DKFT) Becomes Controller of Smelter Company

emiten DKTF
1643 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.