https://www.miningweekly.com
Business|Financial|Industrial|PROJECT
Business|Financial|Industrial|PROJECT
business|financial|industrial|project

Nickel Mines readies for first revenue from Angel

3rd May 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Nickel Mines has been granted an Izin Usaha Industri (IUI), or Industrial Business Licence, at its 80%-held Angel Nickel project, in Indonesia, allowing it to start commercial sales of nickel.

First sales from Angel Nickel are now being targeted for later this month.

Nickel Mines on Tuesday reported that at the end of April, the project had produced 2 975 t of nickel metal, with three of the project’s four lines having entered commissioning. All producing lines are continuing to ramp up production levels in line with expectations, with all production to date having been stockpiled awaiting the receipt of the IUI licence.

The project’s fourth line is scheduled to commence commissioning by mid-May.

Each of Angel’s four rotary kiln electric furnace lines has a nameplate capacity of 9 000 t/y of nickel metal, equating to 750 t of nickel metal a month.

“We are delighted to have now received this industrial business licence that will enable Angel Nickel to complete its first commercial sales of nickel metal later this month. We have been stockpiling nickel metal since late January, and the recording of the first sales from Angel Nickel will mark another important milestone for the project; importantly the project will begin to make a significant contribution to the company’s financial performance in the current quarter,” said Nickel Mines MD Justin Werner.

Edited by Creamer Media Reporter

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 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:0.24 0.279s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: