RE:Indonesia dirty nickel tinged with risk Endzone you do not only lack understanding of the nickel industry lack acuity regarding Canadian politics.
Canadian nickel may be "cleaner" but this does not give them the edge.
Here is the evidence.
Look at Canadian oil marketed as the "cleanest in the world". Other countries like the US prefer not to buy it and cancel pipelines and buy from other countries instead despirte the environmental advantages.
Look at Natural Gas. More environmentally friendly than other fuels. Germany came begging and offered to pay for the infrastructure to ship natural gas to Germany and sources say at full European market value. Japan's PM came and offerred the same deal.
Both times Trudeau said sorry no.
Both countries instead went to Qatar. Less environmentally friendly and a government that has gross human rights violations Qatar is booming right now and Russia is also reaping the benefits as Europe continues to buy fromt hem.
In other words, if CNC is more environemtnally friendly this means nothing geo politically and in the business world as othe factors come into play. e.g. Indonesian government pays for a 3 billion dollar smelter.
EndZonefor7 wrote: Indonesia's Harita nickel IPO is going to valued at $5 billion but will produce only a small bit above what just Crawford alone is going to produce at 45,000 tons per year doubling to over 100K. Harita is going to be 55,000 tons increasing to 120K. We have a massive price discovery revaluation coming here soon for CNC.
But this is also dirty HPAL nickel that will burn coal and a carbon footprint of 34 tons CO2 per ton versus CNC at 2 tons as per the chart on the CNC presentation.
Not to mention the potential enviromental disaster waiting to happen. All going into Tesla and Hyundais. Yikes !!
My money is on clean Canadian net zero carbon nickel which will fetch a premium.
"The Obi island operation is now one of three producing HPAL outfits, and more are in the pipeline, with nearly $20 billion of further projects announced. Next month, Harita plans to go public on the Jakarta exchange. Shares have been priced at the top of the range, giving it a market value of more than $5 billion."
Harita presses the water out of its waste slurry then stacks the dry soil in former mining sites, but there’s not enough space. Its mines contain enough laterite ores to keep the HPAL facility busy for 17 years. Its dry-stacking area could accommodate just six years worth of waste, and even that’s optimistic in a high-rainfall tropical region, says Wood Mackenzie’s Durrant: “There is no such thing as dry stacking in a wet environment.”
Harita has already faced a taste of those challenges. Reports of pollution prompted the company to build more than 34 hectares of sediment ponds to prevent mining runoff from reaching the ocean. It fenced off a spring after employees unwittingly contaminated the source of drinking water with a cancer-causing chemical. And a plan to relocate a nearby village to a purpose-built housing complex remains controversial.
“If money wasn’t an issue then companies would employ dry stacking — that is the best approach for Indonesia. But it’s very costly,” said Allan Ray Restauro, metals and mining analyst at BloombergNEF. There is a risk, he added, that Jakarta will withhold environmental permits if the waste issue remains unresolved. “This could lead to considerable delays.”
https://www.mining.com/web/nickel-revolution-has-indonesia-chasing-battery-riches-tinged-with-risk/