Western Areas NL Announces Update on Nickel Concentrate Tender Process

Date:2011-09-09lile  Text Size:

Western Areas (TSE:WSA,ASX:WSA) reported the offtake contract to sell nickel concentrate to Jinchuan (HKG:2362) will be completed by Feb. 2012.

The press release is quoted as saying,

Western Areas is now conducting a tender process for the next tranche of concentrate and has already received a number of expressions of interest from major offtake parties. Western Areas has a target to finalise a new offtake contract by 30 November 2011.

In addition to the existing 25,000 tonnes contract with Jinchuan, Western Areas also has an ongoing contract to sell 10,000 tonnes pa nickel in concentrate to BHP Billiton.

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