Nickel Industries Ltd
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Nickel Industries lands $943m placement as Indonesia seeks to boost nickel output, downstream processing
Nickel pig iron producer Nickel Industries (ASX: NIC) has jumped up the sector ratings after Jakarta Stock Exchange giant United Tractors has, as part of its ongoing diversification into the metal, agreed to invest $947 million in the Australian company’s Indonesia-based production base. United Tractors is an indirect subsidiary of Singapore-listed Jardine Cycle and Carriage, […]
Australian mining companies flock to Asia as higher commodity prices and improved relations fuel interest
High commodity prices, improved working conditions, and better government relations, are attracting Australian mining companies back to Asia with a number of success stories helping repair past damage. Nickel Industries (ASX: NIC) is the star of the show, teaming up with one of China’s biggest steel makers to produce nickel for its stainless steel operations […]
Origin invests further $163m in UK’s Octopus Energy, OZ Minerals reports production fall and Iress gains new chief
Origin Energy (ASX: ORG) has announced it is investing a further $163 million to maintain its 20% equity in fast-growing United Kingdom renewables group Octopus Energy. Octopus Energy has recently emerged as the UK’s fifth-largest energy retailer, growing its customer base by 25% to 3.1 million. Since Origin’s first investment into Octopus back in May […]
Nickel Mines makes ASX debut in recovering nickel market
At a time when the lithium-ion battery boom is driving the nickel market back up, Indonesia-focused producer Nickel Mines (ASX: NIC) has made its debut on the Australian Securities Exchange. Nickel Mines raised A$200 million in an initial public offering at an issue price of A$0.35 per share, valuing the company at about A$485 million. […]