Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mincor Resources announced that the board has approved the development plan for its Kambalda Nickel Operations in Western Australia, breaking its four-year hiatus and will begin ore production in December 2021 quarter. 


The company is targeting its first nickel concentrate output in March 2022 quarter. Mincor had recently secured agreements for a $55mn loan facility to support project development.


The Kambalda project is expected to produce 71,000mt of nickel and 5,000mt of copper on a life-of-mine (LOM) basis. 

Over 16,000mt of nickel-in-concentrate will be produced annually.  


Driven by the electrification of the global transport fleet and the rapid growth of the lithium-ion battery industry, a new influx of nickel demand has emerged globally. Hence, the project is expected to be an integrated part of a supply chain to Asian markets for various industries, including the electric vehicle (EV) battery industry when it is fully developed, the company said.



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