Benchmarking Analysis of the Development Direction of MHP and Nickel Matte

Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte

Technical Due Diligence Survey of Nickel Product Unit

Technical Due Diligence Survey Of Nickel Product Unit

Long-term Price Forecast of Nickel Industry

Long-term Price Forecast Of Nickel Industry

Feasibility Study of Nickel Industry Investment

Feasibility Study Of Nickel Industry Investment

Indonesia Ni Industry Analysis 

Home

Metal News

Metallica Says May Scrap Nickel Mine on Planned Tax 

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe & Africa Lithium Resources Field Trip

MINOR METALS-Prices down in China on Demand Concerns

QUEENSLAND, Jun. 11 --&nbsp; Metallica Minerals Ltd., studying a A$700 million ($592 million) nickel project in Australia's Queensland state, may scrap the mine because of the proposed resource super profits tax.
&quot;If this stupid tax does come in, it threatens the project,&quot; Chief Executive Officer Andrew Gillies said in an interview by phone from Queensland. &quot;We may have to look at our options. We are not going to proceed unless we know we are going to make money.&quot;
Metallica, backed by China's Jilin HOROC Nonferrous Metal Group Co., joins BHP Billiton Ltd., Fortescue Metals Group Ltd. and Xstrata Plc in reviewing, suspending or slowing projects. These actions may intensify pressure on the government to wind back the proposed 40 percent tax on mine profits.
Shares in the company gained 6.7 percent to 24 cents at 12:32 p.m. Sydney time on the Australian stock exchange. Gillies is also a director of the industry representative body Queensland Resources Council.
Metallica, based in Brisbane, is studying a two-stage development of the Nornico nickel and copper mine that could initially produce 2,900 metric tons of nickel and 200 tons of copper a year. The first stage may cost A$100 million and the second stage may cost between A$500 million and A$600 million, Gillies said. A feasibility study is due next month, he said.
&nbsp;

Metallica Says May Scrap Nickel Mine on Planned Tax

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025