On the evening of September 20, an announcement from Greme Inc. locked up its laterite nickel resources for the next 20 years. The company, which started out recycling waste and recently upgraded to making new energy materials, now generates more than three-quarters of its revenue from new energy.
According to the announcement, in order to jointly build the "laterite nickel ore raw Materials -- complete utilization of nickel cobalt manganese resources -- nickel cobalt manganese New Energy raw Materials" cooperative industrial chain, promote the development of green mines and green nickel raw Materials, and jointly serve the global New Energy, Greenmei subsidiary PT.QMB New Energy Materials (Chinese name: Qingmeibang New Energy Materials Co., LTD. "Qingmei Bang QMB") and a subsidiary of Nickel Industries Limited (" Nickle Industries "), PT.Hengjaya Mineralindo (" Hengjaya) decided to establish a strategic partnership in laterite nickel supply chain. The two sides recently signed the Strategic Cooperation Agreement on Laterite Nickel Ore Resources and Concentrator Construction.
According to reports, QMB in Hengjaya, Indonesia Hengjaya mining area (hereinafter referred to as "HM") to build a mineral processing plant in Hengjaya exploitation of laterite nickel ore as raw materials for processing and production, to achieve a new nickel ore trade model with zero distance from raw material origin to mineral processing production workshop.
The concentration plant will supply approximately 5-7 mmTPA of limonite (1.1-1.3% Ni grade) from HM mine to QMB's HPAL plant in Morowali Industrial Park (IMIP), Indonesia, via pipeline over 20 years, with a total target of 1.5 mmTPA of nickel metal over 20 years. Strategic need to secure the laterite nickel ore hydrometallurgical capacity required by QMB Project for the next 20 years.
Hengjaya is a mining subsidiary of Nickel Industries. Hengjaya has rich Nickel resources and its main business scope is Nickel mining and trading. Hengjaya Mining area is located in Central Sulawesi Province of Indonesia, its mine covers an area of 5983 hectares. According to JORC standard, the proven resources are about 3.7 million nickel gold tons and 270,000 cobalt gold tons, which is one of the world's top ten nickel ore resources.
Nickel Industries was established in New South Wales, Australia on September 12, 2007 and listed on the Australian Stock Exchange in 2018 (ticker symbol: NIC is an important low-cost nickel pig iron (NPI) producer in the world. Its laterite nickel ore resources are of high quality. The nickel-cobalt ratio is 10:1.
In addition, Hengjaya mining area is more than 20 kilometers away from QMB Park of Qingmeibang, which is the nearest nickel mining area to QMB park.
The announcement mentioned that under the principle of this strategic cooperation agreement, both parties will sign a purchase agreement of laterite nickel ore once a year, agreeing to use the basic quantity and basic pricing principles for the whole year. In principle, both parties agree that pricing should follow government regulations or frameworks, in the case of non-government regulations or frameworks, the agreement shall prevail. In addition, the parties will immediately proceed with the implementation of the final Document, which is expected to remain in force for 25 years from the date of signature.
Greenmae said the signing of the strategic cooperation agreement will have multiple implications for the company. The strategic raw materials needed to ensure the 73000 tons of nickel/year and 6000 tons of cobalt/year wet smelting capacity of the next 20 young Smith Bond QMB plan; Effectively reduce the operation cost of QMB nickel resource project of Qingmeibang; It will consolidate the core position of QMB in resources, hydrometallurgy and new energy raw material manufacturing, and comprehensively enhance the core competitiveness of Greemet in mastering nickel resources.
Greenmax's main business is urban mining and new energy materials manufacturing. In terms of urban mining, recycling and processing of waste power batteries, electronic waste, scrapped vehicles, waste plastics and nickel-cobalt-lithium tungsten strategic resources, through the reengineering of nickel-cobalt-tungsten, copper, iron, aluminum, gold, silver and platinum metal resources and manufacturing nickel-cobalt-tungsten powder materials, modified plastics and other products, into the non-ferrous metal, hard alloy industry; In terms of new energy materials, manufacturing power battery with ternary precursor, 3 c batteries with the cobalt oxide and triple the anode material, battery grade lithium nickel manganese cobalt salt and other products, new energy industry into the global market, is the world's new energy materials industry ternary precursor, the cobalt oxide and battery grade nickel and cobalt salt core suppliers.
In the first half of this year, the company's revenue was 13.924 billion yuan, up 74.04% compared with the same period last year. Net profit attributable to shareholders of the listed company was 681 million yuan, up 26.77% year on year. Among them, the new energy battery material business led the growth, with operating revenue of 10.522 billion yuan, up 88.71% year on year, accounting for 75.57% of the company's total operating revenue.
