Australian Firm Will Supply Nickel for Further 10 Years
China’s largest nickel producer, the Jinchuan Group, has signed a supply agreement with Australia’s Panoramic Resources to buy nickel ore concentrate from the Australian company for a further 10 years.
The two companies first signed a deal for a five-year term in 2005. It was Jinchuan's first overseas project and laid the foundations for the Chinese firm to explore the overseas mining market.
The Jinchuan Group previously said that it plans to produce 130,000 metric tonnes of nickel and 6,000 tonnes of cobalt in 2010, largely unchanged from 2009.
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