Name of the Project
Excelsior nickel cobalt (ENC) project.

Location
Indonesia.

Project Owner/s
Nickel Industries and Shanghai Decent.

Project Description
The project envisages production at ENC of about 67 000 t/y of contained nickel equivalent.

In addition to producing a mixed hydroxide precipitate, the poject will be capable of producing nickel sulphate and cathode, differentiating it from the current generation of high-pressure acid leach plants being built across Indonesia, and providing Nickel Industries with significant operating flexibility through the cycle.

The project will benefit from existing Indonesia Morowali Industrial Park infrastructure and be supported by existing and future laterite resources that Nickel Industries has identified.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Shanghai Decent will provide a capital expenditure (capex) guarantee, whereby construction and commissioning costs will not exceed $2.3-billion. The capex guarantee includes a tailings solution, the best of breed for tailings storage and management, and an integrated sulphuric acid plant that will generate significant heat that can be turned into power, significantly lowering the carbon footprint of the operation.

Planned Start/End Date
Construction is expected to start in December 2023, March 2024 or sooner if both parties agree. Commissioning will start no later than 24 months thereafter.

Latest Developments
Nickel Industries and Shanghai Decent are working on a feasibility study for ENC ahead of a final investment decision by Nickel Industries.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Nickel Industries, tel +61 2 9300 3311 or email info@nickelindustries.com.