Nickel Mines secures more capacity
ASX-listed Nickel Mines has signed a memorandum of understanding (MoU) to acquire a 70% interest in a development project within the Indonesia Weda Bay Industrial Park (IWIP).
The development project with PT Angel Nickel Industry (ANI), and in collaboration with Nickel Mine’s largest shareholder SDI, will comprise four next-generation 54 KVA rotary kiln electric furnace (RKEF) lines with an annual nameplate production capacity of 36 000 t of nickel metal, and a 380 MW coal-fired power station.