Indonesia reviews nickel ore mining quota to steady prices
Indonesia last year approved annual nickel ore mining quotas of 240 million metric tons each year until 2026.
Australia’s Centaurus Metals Ltd on Tuesday said it had reached an agreement to acquire a large-scale nickel sulphide project from Vale SA in northern Brazil.
The deal which comprises of an upfront cash payment of $250,000, also includes the transfer of the Salobo West copper-gold project tenements to Brazil’s Vale.
Vale, the world’s largest iron ore exporter, will also have the right to purchase 100% of production from the Jaguar nickel sulphide project under a future offtake agreement, the company said in a statement.
(By Shriya Ramakrishnan; Editing by Stephen Coates)
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