Indonesia is reviewing its annual nickel ore mining quota, seeking to prevent further price falls, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters on Friday.
Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to people familiar with the matter.
Mining contractor PT Putra Perkasa Abadi (PPA) recorded an overburden material production (removal of soil covering coal) of 303.36 million bank cubic meters (BCM) from January to November 2024, exceeding the target set for November of 296.15 million BCM.
First Nation Taykwa Tagamou Nation (TTN) will invest $20-million of its capital in TSX-V-listed Canada Nickel Company for an 8.4% interest in the nickel company.