Brief: Nickel Industries Says Ministry Will Stop New Permits For RKEFS That Consume High Grade Nickel Ore

Nickel Industries

14/06/2024 02:36

June 14 (Reuters) - Nickel Industries  NIC.AX :
    * MINISTRY OF ENERGY AND MINERAL RESOURCES CONFIRMED WILL
STOP NEW
PERMITS FOR RKEFS THAT CONSUME HIGH GRADE NICKEL ORE
    * MINISTRY CONFIRMED WILL STOP NEW PERMITS RKEFS IN
CONSTRUCTION
OR FEASIBILITY STAGE IF NO PROGRESS MADE, NOT EXISTING RKEF
PERMITS
    * CLARIFIES CO'S RKEFS ARE NOT AT ANY RISK OF REVOCATION
    * CESSATION OF ANY FURTHER PERMITS FOR RKEFS AND NPI
PRODUCTION
HAS BEEN MOOTED BY GOVERNMENT FOR SOME TIME NOW
    * SEE CESSATION OF ANY FURTHER PERMITS FOR RKEFS AS POSITIVE
AS IT
WILL NOW CAP NPI PRODUCTION TO REDUCE RISK OF OVERSUPPLY

Further company coverage:  NIC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))