Western Areas Considering Nickel Offtake Tender

Western Areas (TSX:WSA,ASX:WSA) reports that due to production from the Forrestania Nickel project, shipments of nickel concentrate to Jinchuan Group are ahead of schedule.

The press release is quoted as saying,

As a result, the offtake contract to sell a total of 25,000 tonnes of nickel in concentrate to Jinchuan is expected to be completed by February 2012, 19 months after the first shipment to China. Under the current terms, Western Areas and Jinchuan will meet six months before the end of the contract, however Western Areas has no obligation to extend the contract.

For the complete press release, click here.