NICKEL MINES AND MINING – INDONESIA

Mining giant BHP eyes Indonesia after nickel collapse

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Original article by Duncan Evans
The Australian – Page: 19 : 21-Aug-24

BHP is believed to be holding talks with the Indonesian government regarding an investment in the nation’s nickel industry. The Indonesia Nickel Mining Association’s secretary-general Meidy Katrin Lengkey says the discussions about "specific investment opportunities" have being going on for "several months". Indonesia’s move to ramp up its nickel production with Chinese backing contributed to BHP’s decision to mothball its nickel operations in Western Australia.

CORPORATES
BHP GROUP LIMITED – ASX BHP, INDONESIAN NICKEL MINING ASSOCIATION

Miners fret over US nickel deal

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Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 30-Oct-23

Australian nickel producers such as BHP, Chalice Mining and Wyloo Metals are concerned that Indonesian rivals will be given access to subsidies via the Biden administration’s Inflation Reduction Act. Wyloo CEO Luca Giacovazzi contends that a US free-trade agreement on nickel with Indonesia would make it difficult to justify investing in Australian and Canadian nickel mines, due to the higher cost of production. Several US senators have backed the Australian miners’ stance, noting amongst other things that Chinese interests control much of Indonesia’s nickel production.

CORPORATES
BHP GROUP LIMITED – ASX BHP, CHALICE MINING LIMITED – ASX CHN, WYLOO METALS PTY LTD