Australia's Nickel Industries hits over a month high as Indonesia mine operations resume

Nickel Industries

09/04/2026 05:24

** Shares of Australia's Nickel Industries NIC.AX rise as much as 2.1% to A$0.985, their highest level since March 3

** Nickel producer says mining operations have recommenced at its Hengjaya mine in Indonesia

** On March 26, it suspended mining operations pending an investigation by Ministry of Energy and Mineral Resources (ESDM) after fatal accident of contractor engaged by PT Fajar Metal Industry

** Says mine, PT Fajar Metal Industry management working closely with authorities to recommence construction on section where accident occurred

** Stock up 16.2% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))