Nickel Industries Sees Impact of Around $8 Million From Proposed Increase in Royalties in Indonesia

MT Newswires Live

Mar 12, 2025

Nickel Industries (ASX:NIC) confirmed that if the proposed increase in royalties for mining firms in Indonesia is legislated into law, the royalties paid by the firm would increase by around $8 million, according to a Wednesday Australian bourse filing.

The estimate is based on the Hengjaya nickel mine's sales revenue of $205 million in 2024. The impact for the firm would only be on nickel ore sales, the filing added.

The Indonesian government announced a public consultation period for potential royalty increases across a number of commodities, including nickel.

The firm is currently subject to a 10% royalty on its nickel ore sales. The proposal would increase the royalties to between 14% to 19%, depending on the prevailing nickel price at the time.

Nickel Industries' shares rose past 3% in early trading on Wednesday.

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The proposal would increase the royalties to between 14% to 19%, depending on the prevailing nickel price at the time.</p><p>Nickel Industries' shares rose past 3% in early trading on Wednesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIC.AU","symbol_name":"Nickel Industries Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2518602702","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518602702","pubTimestamp":1741738739,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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