Nickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project

MT Newswires Live

10 hours ago

Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.

The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.

The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2645850969"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2645850969\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2645850969?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-24 08:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2645850969","market":"hk","top_or_hot":-1,"title":"Nickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project","media":"MT Newswires Live","content":"<html><body><p> Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.</p><p>The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.</p><p>The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-24 08:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.</p><p>The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.</p><p>The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645850969","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645850969","pubTimestamp":1782260076,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Nickel Industries  agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","NIC.AU":"Nickel Industries Ltd","SETM":"Sprott Critical Materials ETF","DBB":"基础金属ETF-PowerShares"},"translate_title":"Nickel Industries将投资1.69亿美元收购印度尼西亚HPAL项目17.5%的股份","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SETM":1.5,"NIC.AU":1,"DBB":1.5},"content_text":"Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}