Brief: Nickel Industries Notes Indonesian Government Announcement On Royalty Increase
12/03/2025 01:04
March 12 (Reuters) - Nickel Industries Ltd NIC.AX: NOTES INDONESIAN GOVERNMENT HAS RECENTLY ANNOUNCED A PUBLIC CONSULTATION PERIOD FOR POTENTIAL ROYALTY INCREASE PROPOSED ROYALTIES ON NICKEL ORE SALES BETWEEN 14% TO 19% PROPOSED ROYALTY INCREASES WOULD ADD US$8M TO ROYALTIES PAID IF PROPOSED ROYALTY INCREASES WERE LEGISLATED, ROYALTIES PAID WOULD HAVE INCREASED BY APPROXIMATELY US$8M Further company coverage: NIC.AX ((Reuters.Briefs@thomsonreuters.com;))
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