Nickel Industries climbs after securing ore supply boost from the Indonesian government
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The news: Shares in Nickel Industries rallied in afternoon trade after the miner received the Rencana Kerja dan Anggaran Biaya (RKAB) approval for its 2026 nickel ore sales in Indonesia.
Shares have risen 6.78% to 94 cents at 1:36pm AEDT.
The context: The RKAB, which translates to work plan and budget, was granted by the Indonesian Ministry of Energy and Mineral Resources to its Indonesian-based subsidiary, Hengjaya Mine, increasing its nickel ore sales from 9.0 million wet metric tonnes (wmt) to 14.3 million wmt.
Of this total, 8.3 million wmt is expected to meet Hengjaya Mine’s limonite ore demand for 2026 to support the Excelsior Nickel Cobalt HPAL project (ENC).
This follows the approval of a five-year environmental impact study by the Indonesian government in late 2025.
What they said: "The increased 2026 RKAB sales licence approval is an important milestone that provides certainty of supply for both our rotary kiln electric furnace and ENC operations,” Nickel Industries managing director Justin Werner said.
“With the regulatory process now complete for the year, we are well positioned to support ENC commissioning,” he added.
The source: ASX
