Nickel Industries secures five-year AMDAL sign-off, boosts iron ore quota
Nickel Industries (ASX:NIC) has secured approval to increase the iron ore sales quota for its Indonesian subsidiary, Hengjaya Mine RKAB, from 9 million to 10 million wet metric tonnes.
The move allows the company to immediately resume sales of stockpiled iron ore to the Indonesia Morowali Industrial Park via haul road and barge.
The 2025 RKAB sales extension was granted by Indonesia's Environment Ministry.
While the RKAB license is typically issued annually, the environmental assessment body Analisis Mengenai Dampak Lingkungan approved the extension for five years without requiring modifications.
Nickel Industries Managing Director Justin Werner highlighted the milestone, saying the AMDAL approval is the first of its kind to permit using a pipeline to return HPAL tailings to the mine for storage.
He added, "This innovation will significantly contribute to our goal of positioning ENC as the lowest carbon and cost-intensive HPAL globally."
At the time of reporting, Nickel Industries' share price was $0.76.
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