HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Glencore’s take on Nickel.
We are a leading producer and marketer of nickel, with assets in Australia, Canada and Europe.
We produce some of the world’s purest nickel – and we are also one of the largest recyclers and processors of nickel-bearing materials, including batteries.
Our marketing business deals in nickel metal as well as concentrates, intermediates and ferronickel.
We produce other metals as a by-product of nickel production, including cobalt, copper, precious metals and platinum-group metals.
Nickel in figures - 2018
$798m
adjusted EBITDA from our nickel assets
199 kt
of nickel sold via our marketing business
124 kt
of nickel produced at our own assets
379c/lb
calculated EBITDA margin
Uses of nickel
Nickel is mainly used to make stainless steel: it adds strength and corrosion resistance to the steel, and is also used in types of steel designed to be less magnetic. It is also used for nickel plating.
With its ability to handle high temperatures, nickel features in specialty steels and superalloys, used for example in jet engines.
Nickel compounds are used in batteries – increasingly so in the powerful batteries used in electric vehicles.
Nickel assets
We have interests in a range of mining assets on four continents. They include:
ASIA
AUSTRALIA
EUROPE
NORTH AMERICA
Koniambo
NEW CALEDONIA
Koniambo is a large-scale integrated ferronickel mining and processing complex.
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