NiWest: the Australian mine looking to defy the nickel downturn
The NiWest nickel-cobalt project is said by its developer, Alliance Nickel, to be high quality, low carbon and low cost enough to defy the current market downturn.
19 February 2025
19 February 2025
The NiWest nickel-cobalt project is said by its developer, Alliance Nickel, to be high quality, low carbon and low cost enough to defy the current market downturn.
The deal includes a $350m upfront payment, $100m linked to nickel prices, and $50m contingent on project FID.
BHP forecasts FY25 copper output of 1.85mt–2.05mt and iron ore at 255t–265.5t.
The funding from the IPO will be used to develop the Kon Kweni iron-ore project in Guinea.
Antofagasta has proposed a final dividend of 23.5 cents per share, representing a 50% payout of underlying earnings per share.
Moranda Metals aims to use $15bn from private equity firms to fund acquisitions.
The cash payout is supplementary to the declared final dividend of R3 per share, or around R800m ($34.46m).
Vale's commercial agreement outlines a two-phase investment plan to gain a controlling interest in Iron Bear.
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