Brief: Nickel Industries Notes Indonesian Government Announcement On Royalty Increase

Nickel Industries

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;))