
New nickel alliance worth a pretty penny
AUSTRALIAN nickel producer Western Areas has extended its partnership with China’s largest nickel company, Jinchuan Group, through the signing of a non-binding strategic alliance deed. The alliance was established to further the relationship between the two companies, which began with a nickel concentrate offtake agreement three years ago. It will allow the partners to work together to evaluate possible development of global mining opportunities, including exploration and development and, if successful, cooperating right through to the operation phase of base metal projects. According to Western Areas, the non-exclusive agreement will not involve any upfront contributions, with future contributions limited to the sharing of agreed assessment and due diligence costs for potential projects of mutual interest. Western Areas managing director Daniel...