Mr Arif has confirmed directly to Nickel Industries that:“The Ministry of Energy and Mineral Resources will make careful evaluation for RKEFs that consume high grade nickel ore and will stop new permits for these RKEFs and RKEFs that are in construction or feasibility stage if no progress has been made, not for existing RKEF permits.” Managing Director Justin Werner commented “We are pleased to provide this clarification to our shareholders and stakeholders that our RKEFs are not at any risk of revocation. The cessation of any further permits for RKEFs and NPI production has been mooted by the government for some time now and we see this as a positive as it will now cap NPI production to reduce the risk of oversupply.”
NIC Price at posting:
84.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)