https://www.miningweekly.com
boilers|Coal|Construction|Fabrication|Generators|Industrial|Power|PROJECT|Turbines|Turbines
boilers|Coal|Construction|Fabrication|Generators|Industrial|Power|PROJECT|Turbines|Turbines
boilers|coal|construction|fabrication|generators|industrial|power|project|turbines-company|turbines-person

Nickel Mines takes 50% stake in Angel

21st April 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Nickel Mines has completed the acquisition of a further 20% interest in the Angel Nickel project, in Indonesia, taking its stake in the project to 50%.

Nickel Mines paid its project partner Shanghai Decent Investment Group $137.6-million for the 20% interest in the project, and could increase its shareholding in Angel Nickel to 80%, by paying a further $210-million before the end of December this year.

The Angel Nickel project comprises four next generation rotary kiln electric furnace lines within the Weda Bay industrial park, which would have an annual nameplate capacity of 36 000 t of nickel metal, and would include a 380 MW coal-fired power plant.

Nickel Mines said on Wednesday that construction of the project was progressing well, with all material earthworks and plant footings now largely completed, along with the start of fabrication of key long-lead items including boilers, turbines and generators.

Edited by Creamer Media Reporter

Comments

Latest News

Treasury Metals combines with Blackwolf
Treasury Metals combines with Blackwolf
3rd May 2024 By: Mariaan Webb

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.106 0.143s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: