- Nickel Mines (NIC) begins commissioning the third of four rotary kiln-electric furnace (RKEF) lines at its Angel Nickel project (ANI) in Indonesia.
- The company’s fourth and final RKEF is expected to commence its commissioning phase by the end of April, coming well ahead of its October 2022 contractual delivery date
- Nickel Mine says production from the first two RKEF lines is ramping up in line with expectations, with the first line operating at around 500 tonnes of nickel metal per month
- Nickel Mines says the commissioning of its Angel Nickel project will be transformative to its existing operations, more than doubling its annual attribute nickel metal nameplate capacity from 24,000 tonnes to 52,800 tonnes
- NIC shares are up 0.78 per cent and trading at $1.29 as of 11:08 am AEDT
Nickel Mines (NIC) has begun commissioning the third of four rotary kiln-electric furnace (RKEF) lines at its Angel Nickel project (ANI) in Indonesia.
Each of the RKEF lines has a nameplate capacity of 9000 tonnes of nickel metal per annum, equating to 750 tonnes of nickel metal per month.
The company’s fourth and final RKEF is expected to commence its commissioning phase by the end of April, with ANI’s commissioning coming well ahead of its October 2022 contractual delivery date.
Meanwhile, Nickel Mines said in its statement that production levels from the first two RKEF lines were ramping up in line with expectations, with the first line operating at around 500 tonnes of nickel metal per month, representing around 66 per cent of nameplate capacity.
The second line is operating at 300 tonnes of nickel metal per month, representing 40 per cent of nameplate capacity.
“With three lines now commissioning and delivering increased production levels each week, we look forward to ANI becoming a material contributor to our rapidly expanding RKEF operations,” Nickel Mines Managing Director Justin Werner said.
“With more than 700 tonnes of nickel metal already stockpiled from ANI and with our fourth line due to commence commissioning by the end of April … we remain firmly on track to triple our RKEF production levels over the next 12 months and firmly entrench Nickel Mines as a top-10 global nickel producer.”
Nickel Mines said the commissioning of the Angel Nickel project would be transformative to the company’s existing operations, more than doubling its annual attributable nickel-metal nameplate capacity from 24,000 tonnes to 52,800 tonnes.
NIC shares were up 0.78 per cent and trading at $1.29 as of 11:08 am AEDT.