Ivanhoe Electric earns into 60% of nickel-copper project in Côte d’Ivoire
A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.
A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.
Key moves in the mining sector.
Surging output from Indonesia’s nickel laterite mines has flooded the market with new supply.
The nickel market surplus widened last year to 238,800 tonnes from 103,900 tonnes in 2022.
Under the proposed deal, the French state would subsidize energy prices alongside local authorities up to 200 million euros a year.
A senior Indonesian mining ministry official said the country was working to accelerate the approval process.
"We are very strong on nickel fundamentals," chief sustainability and corporate affairs officer Emily Olson told the CERAWeek energy conference.
Prateek Gupta was last year accused by commodities giant Trafigura Group of orchestrating a massive fraud against it.
In 2023, Indonesia produced 193.5 million tonnes of nickel ore.
The best intersection was 373 metres grading 0.25% nickel.
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