March 6 (Reuters) - Nickel Industries Ltd (NIC) :
- REVISED TERMS AGREED FOR DAWN HPAL+ PROJECT INCLUDING HIGHER NAMEPLATE PRODUCTION CAPACITY
- AGREEMENT TO SWITCH ADDITIONAL NPI PRODUCTION TO NICKEL MATTE AT ANGEL NICKEL PROJECT
- EXPECTED ANNUAL PRODUCTION AT DAWN HPAL+ PROJECT IS 67,000 METRIC TONS OF CONTAINED NICKEL EQUIVALENT
- CO ANTICIPATES OWNING A 60-70% EQUITY INTEREST IN PROJECT WITH SHANGHAI DECENT OWNING 30-40%
- SHANGHAI DECENT WILL PROVIDE A CAPEX GUARANTEE WHEREBY TOTAL CONSTRUCTION & COMMISSIONING COSTS WILL NOT EXCEED US$2.3 BILLION
- CO AND SHANGHAI DECENT CURRENTLY WORKING TOGETHER TO COMPLETE FEASIBILITY STUDY FOR ENC AHEAD OF A FID BY CO'S BOARD
- ALONGWITH PRODUCING MIXED HYDROXIDE PRECIPITATE, THE PROJECT WILL BE CAPABLE OF PRODUCING NICKEL SULPHATE & NICKEL CATHODE
News: NIC Nickel Industries Says Revised Terms Agreed For Dawn HPAL+ Project
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