Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,669.50
0.6%
Copper
4.13
(0.48%)
Oil
70.21
1.69%
Bitcoin
97,761.72
3.62%
FTSE 100
8,112.28
0.34%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.18%
Hang Seng
19,601.11
(0.23%)
Nickel Industries (ASX: $NIC) clarifies rkef permitting review
- Author: Stock Piper
Clarification on RKEF permitting review
Nickel Industries Limited (ASX: $NIC) has issued a clarification regarding recent statements about the potential revocation of RKEF permits in Indonesia. The Company reached out to Mr Irwan Arif, a special advisor to the Ministry of Energy and Mineral Resources, who confirmed that the Ministry will not revoke existing RKEF permits but will stop issuing new permits for RKEFs consuming high-grade nickel ore.
Executive Commentary
We are pleased to provide this clarification to our shareholders and stakeholders that our RKEFs are not at any risk of revocation. The cessation of any further permits for RKEFs and NPI production has been mooted by the government for some time now and we see this as a positive as it will now cap NPI production to reduce the risk of oversupply.
Summary
Nickel Industries (ASX: $NIC) has clarified that its RKEF permits in Indonesia are not at risk of revocation. The Ministry of Energy and Mineral Resources will not revoke existing RKEF permits but will halt the issuance of new permits for RKEFs consuming high-grade nickel ore. Managing Director Justin Werner views this as a positive step to cap NPI production and reduce the risk of oversupply. Shareholders and stakeholders have been reassured by this clarification.
NICKEL INDUSTRIES LIMITED
NIC | ASX | Materials
0.9-0.015(-1.64%)
At close 20/11 (AEDT)
Market cap
$3.9B
Volume
2,550,529
DY Yield
0.0556
PE Ratio
22.5
52 Week Range
0.54 - 1.085
1YR Return
N / A
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