SMM3, June 26-according to foreign media reports, Mincor Resources has signed a list of commitment terms with BHP (BHP Billiton) Nickel West) to deal with nickel sulphide ores in Kambalda, Australia. The new agreement will replace the 20-year agreement signed between Mincor and Nickel West, which expires in February. The contract will begin at the time of delivery of the first batch of ore and will end for a period of five years on the commencement date or on 31 December 2025. However, Mincor must give six months' notice before the start date, and if no notice is given by June 30, 2022, the off-take agreement will be terminated.
As Mincor continues to take steps to restart its nickel business in the Kambalda region, Southam believes the nickel market is on the cusp of a "new era" because of rising demand in both the stainless steel market and the lithium-ion battery industry. "in this regard, we have a good time to sign the business and restart the plan," he said. "
In the future, Mincor intends to complete the off-take agreement, accelerate resource expansion and exploration activities, update research with new pricing and resource work, and analyze early startup options with Nickel West. As of March 18, nickel was trading at $12805 a tonne on the London Metal Exchange. By the end of Tuesday, Mincor shares had soared 12 per cent to A $0.42 at the close of trading at ASX. Meanwhile, BHP shares rose 1.65 per cent to A $37.59 on the Australian Stock Exchange.
2019 (fourth) Ni-Co-Li-mn Industry chain Summit-Global Lithium Technology Symposium invites cathode materials and lithium battery enterprises to explore the new trends of industrial chain development, interpret industry policy trends, and analyze future price trends! Review 2018 with 90% of the bosses, purchasing and general workers in the industry, look forward to 2019, and imagine 2020!
Meeting details: 2019 (fourth) Ni-Co-Li-mn Industry chain Summit (click on the link to see details)
[2019 Ni-Co-Li-mn Industry chain Summit]
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