First Quantum Minerals is expanding its nickel capabilities in Zambia and Australia, hoping to take advantage of the rise in ElectricVehicles BatteryMetals CriticalMinerals mining copper investment anc2022
PERTH – Base metals miner First Quantum is targeting the production of between 5 000 t and 10 000 t of nickel from its Enterprise operation, in Zambia, in 2023.Jacob Gresham
First Quantum in May this year approved a $100-million capital spend on the Enterprise nickel project, in conjunction with the $1.25-billion expenditure on the Kansanshi S3 expansion, also in Zambia.Gresham said the approval for the Enterprise project was not only driven by improved market conditions for nickel, but also increased confidence in the current Zambian government.
Under the terms of the agreement, POSCO inked a long-term offtake agreement for 7 500 t/y of nickel in mixed nickel-cobalt MHP produced at Ravensthorpe, beginning in 2024. The balance of Ravensthorpe’s production will continue to be marketed by First Quantum.
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