Indonesia is contemplating an increase in the royalties paid by mining companies for commodities such as coal, nickel and copper. This proposal is part of the new government's plan to accommodate ...

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 82%-82.5%, and the FOB price of Indonesian MHP is $12,757/mt (Ni contained).

Nickel Industries Limited engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. It is also involved in the production of mixed hydroxide precipitate for ...

where impurities such as iron are removed to create an intermediate substance known as nickel matte. That product is exported to Japan where it is used in battery manufacture and others.

Cobalt content in nickel matte production would see a 2% royalty fee. Cobalt is a byproduct from Indonesia's nickel, which typically contains 1% to 2% cobalt, he said.

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 82%-82.5%, and the FOB price of Indonesian MHP is $12,751/mt (Ni contained).