Nickel group eyes better off-take deals

Original article by Brad Thompson
The Australian Financial Review – Page: 29 : 30-Aug-19

Independence Group has posted a 2018-19 net profit of $76.1m, which is 44 per cent higher than previously. The nickel and gold producer’s revenue rose by two per cent to $792.9m, while shareholders will receive a final dividend of $0.08 per share. Independence Group has allocated $66m for exploration in 2019-20, with the aim of extending the mine life of its Nova nickel project and finding new deposits in Western Australia’s Fraser Range.

CORPORATES
INDEPENDENCE GROUP NL – ASX IGO, GLENCORE PLC, NICKEL WEST, BHP GROUP LIMITED – ASX BHP, ANGLOGOLD ASHANTI LIMITED – ASX AGG, RBC CAPITAL MARKETS

BHP plugs into battery boom, holds line on ore

Original article by Nick Evans
The Australian – Page: 19 : 23-May-19

CFO Peter Beaven has told investors that BHP is unlikely to increase its Pilbara iron ore output to capitalise on reduced supply from Brazilian rival Vale. BHP will also maintain its current annual production target for metallurgical coal. Beaven also indicated that BHP will pursue growth in copper and nickel sulfide production in response to rising demand for electric vehicles and battery storage technology. He added that BHP may be open to nickel acquisitions, after dropping plans to divest its Nickel West division.

CORPORATES
BHP GROUP LIMITED – ASX BHP, VALE SA, NICKEL WEST, RIO TINTO LIMITED – ASX RIO, GOLDMAN SACHS AUSTRALIA PTY LTD

BHP puts faith in nickel again

Original article by Nick Evans
The Australian – Page: 21 : 15-May-19

BHP intends to retain its Nickel West business, which posted underlying EBIT of $US42m for the first half of 2018-19. BHP had previously deemed its nickel division to be a non-core asset and made several attempts to sell the business in recent years. However, CEO Andrew Mackenzie says that although there are still risks associated with Nickel West, it could potentially regain its status as a tier-one asset. The upbeat outlook is based on factors such as growing demand for batteries and limited supply of quality nickel sulphide.

CORPORATES
BHP GROUP LIMITED – ASX BHP, NICKEL WEST

BHP fire halts work as nickel stages a revival

Original article by Matt Chambers
The Australian – Page: 23 : 26-Sep-18

BHP Billiton is still assessing the damage to its nickel smelter in Kalgoorlie after a fire in the plant’s furnace room on 23 September. A spokeswoman has indicated that it is uncertain as to when production will resume. The smelter is part of BHP’s Nickel West business, which the resources group had unsuccessfully tried to sell in recent years. Rising demand for nickel has boosted the fortunes of Nickel West, and BHP may elevate it to a core asset. Macquarie Group is upbeat about the outlook for nickel, forecasting that it will average $US13,800 per tonne in 2018 and $US20,000/tonne in 2019.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, NICKEL WEST, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, DIGGERS AND DEALERS FORUM, LONDON METAL EXCHANGE LIMITED, WMC RESOURCES LIMITED, SOUTH32 LIMITED – ASX S32

BHP chair happy with portfolio

Original article by Matt Chambers
The Australian – Page: 26 : 21-Sep-18

Analysts who attended BHP Billiton’s recent briefing in London say chairman Ken MacKenzie gave strong indications that the petroleum division is still regarded as a core asset. However, he signalled that further exploration success will be needed for BHP to remain in the sector. BHP’s petroleum division faces a decline in production in coming years as key gas and oil fields become depleted. MacKenzie also told analysts that BHP may be open to retaining its Nickel West assets due to growing demand for batteries.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, NICKEL WEST

Nickel miner pins hopes on electric cars

Original article by Paul Garvey
The Australian – Page: 18 : 11-Sep-17

Australian-listed Independence Group is well-placed to benefit from rising demand for nickel, cobalt and copper as sales of electric vehicles rise. The company’s Nova mine produces all three metals, and Independence MD Peter Bradford says it has received a number of enquiries regarding supply deals when existing off-take arrangements with BHP Billiton and Glencore expire. Bradford notes that factors other than demand from the electric vehicle industry have prompted the recent rise in the price of nickel and copper.

CORPORATES
INDEPENDENCE GROUP NL – ASX IGO, BHP BILLITON LIMITED – ASX BHP, GLENCORE PLC, SIRIUS RESOURCES NL, PANORAMIC RESOURCES LIMITED – ASX PAN, MINCOR RESOURCES NL – ASX MCR, FIRST QUANTUM MINERALS LIMITED, TESLA INCORPORATED

BHP Nickel West charged by battery boom new revolution

Original article by Tess Ingram
The Australian Financial Review – Page: 15 & 18 : 10-Aug-17

BHP Billiton aims to capitalise on the growing demand for lithium-ore batteries, with plans to build a nickel sulfate plant at Kwinana in Western Australia. The first stage of the project will cost $US43.2m and have annual production capacity of 100,000 tonnes of nickel sulfate hexahydrate. Stage two of the project would increase the plant’s annual capacity to 200,000 tonnes. The nickel sulfate project has secured the near-term future of BHP’s Nickel West business, which was facing the prospect of closure in coming years after efforts to sell it failed.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, INDEPENDENCE GROUP NL – ASX IGO, WESTERN AREAS LIMITED – ASX WSA, NICKEL WEST, DIGGERS AND DEALERS FORUM, TESLA INCORPORATED

Creasy still ‘very happy’ with Independence bid for Sirius

Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM

Creasy still ‘very happy’ with Independence bid for Sirius

Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM