International news within the industry of mining and metal, Jan, 23 2019
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Australian nickel producer raises A$200M for investments

Photo: Nickel Mines
Photo: Nickel Mines
Published by
Jaroslaw Adamowski - 22 Aug 2018

Austalian nickel producer Nickel Mines has com-pleted its IPO on the Australian Securities Exchange, raising A$200 million (US$147 million). This is to allow the company to implement further investments in expanding its production capacities.

Nickel Mines is "confident of becoming a global significant nickel pro-ducer and tier-1 investment exposure among globally listed nickel companies. At our IPO market capitalisation of ~$485M we are very attractively valued compared to our peer group and would hope this valuation gap might quickly close as investors come to fully appreci-ate the merits of our operations," said Robert Neale, the chairman of Nickel Mines, in a letter addressed to the company’s shareholders.

Based in Australia’s Sydney, Nickel Mines says it holds an 80% stake in the Hengjaya Mineralindo Nickel Mine located in the Morowali Re-gency of Central Sulawesi, Indonesia.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...