AFR 5.7.23 B. Thompson link again reinforces the major western demand for clean & green Ni sulphides, in EV batteries- not dirty, very high CO2 -emitting laterites. Indonesia being the main culprit in its mining & refining of vast amounts of pig-iron Ni.
Bodes well for QPM; & its DNi processes for EV NCM batteries- may even be CO2 negative"Forrest makes a ‘whatever it takes’ bet on clean nickel
- Nickel sulphides have the lowest environmental footprint and are fully recyclable.
- The nickel laterite common in Indonesia produces tailings that end up in the sea.
- Wyloo in combination with Mincor could produce 40,000-60,000 tonnes a year.
Billionaire Andrew Forrest is rewriting history in Western Australia’s nickel belt, returning to the scene of his biggest career failure as the owner of Mincor Resources.
He is willing to invest “whatever it takes” to become a global force in nickel via his private investment vehicle, Wyloo Metals, which will trail only BHP in terms of Australian output...
A massive divide is opening up between supply from nickel sulphide deposits favoured by battery makers, and nickel laterite operations like those being heavily backed by China in Indonesia, Dr Forrest and Wyloo argue, given their uneven environmental toll.He wants no part in nickel laterite operations in tropical regions like Indonesia. “We have had significant opportunities in tropical laterite, where the only way to dispose of your tailings is into the oceans,” he said.
“We’re not satisfied that the environmental and ecological analysis has been done to justify deep sea tailing disposal at all.”Dr Forrest is confident the market will come around to Wyloo’s thinking as it embarks on becoming a major supplier of nickel to car and battery makers, and potentially Fortescue Metals Group-owned battery maker Williams Advanced Engineering.
“Wyloo has targeted nickel sulphides as they are the greenest and cheapest option for battery manufacturing. They have the best economics, can be processed into battery grade nickel with the lowest environmental footprint and are fully recyclable,” he said. “We are going to give the market a choice..." ".
https://www.copyright link/companies/mining/forrest-s-whatever-it-takes-bet-on-clean-nickel-20230705-p5dltj#:~:text=Billionaire%20Andrew%20Forrest%20is%20willing,million%20takeover%20of%20Mincor%20Resources.
(To open AFR paywall, google "AFR Thompson Forrest whatever it takes nickel")
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