Nickel Industries Limited (ASX: NIC) was incorporated in Australia in September 2007. The Group has become a globally significant, low cost producer of nickel pig iron (NPI), a key ingredient in the production of stainless steel. In 2022 the Company also commenced the production of nickel in high grade nickel matte, for use in the electric vehicle supply chain. The Group’s principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel and Ranger Nickel rotary kiln electric furnace (RKEF) projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project at the Indonesia Weda Bay Industrial Park (IWIP) and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in close proximity to the IMIP. The Company’s holds an 80% interest in each of the Angel Nickel, Hengjaya Nickel, Oracle Nickel and Ranger Nickel projects and the Hengjaya Mine and a 10% interest in the Huayue Nickel Cobalt HPAL project.
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.