Indonesia's Nickel Mining Sector Faces Challenges with New Royalty Rates

Legacy to explore one of Australia’s largest nickel resources - Mining Magazine Australia

Raw nickel found in rock. Image: Ari Nur Cahyadi/shutterstock.comNico Young, one of Australia’s largest nickel resources, has caught the eye of Legacy Minerals, with the company applying for an exploration licence for the New South Wales project. Nico Young contains approximately one million tonnes of nickel and 100,000 tonnes of cobalt in resources. “A free-peg, representing a zero-dollar acquisition cost of a near one-million tonne, nationally…

Indonesia's Nickel Mining Sector Faces Challenges with New Royalty Rates

Indonesia’s nickel mining industry is experiencing significant turbulence following the government’s implementation of increased mining royalty rates. Effective May 1st, the new rates range from 14% to 19%, up from the previous 10%, triggering warnings from industry leaders about potential economic consequences. The royalty rate increase comes at a challenging time for the nickel sector, which is already grappling with multiple market pressures.…