• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    nickel investing

    Western Areas Signs New Nickel Offtake Deals

    Nicole Rashotte
    Jan. 23, 2020 03:00PM PST
    Australia Investing

    Western Areas has been awarded new offtake contracts for the company’s high grade Forrestania nickel operation concentrate product.

    Western Areas (ASX:WSA,OTC Pink:WNARF) announce the award of new offtake contracts with BHP Billiton Nickel West Pty Ltd and Jinchuan Co. Ltd for the company’s high grade Forrestania nickel operation concentrate product. The new contracts follow the successful completion of a highly competitive tender process that has resulted in improved commercial terms compared to current offtake agreements.

    Highlights are as follows:

    • The Nickel West contract is a new agreement, rather than an extension of the previous arrangement that completes on January 31, 2020. The key terms of the new contract include:
    • Contract period – three years from February 1, 2020 or until completion of the aggregate quantity;
    • Quantity – 10,000 tonnes of nickel contained in concentrate per annum with a 30,000 tonne, aggregate limit;
    • Delivery – bulk logistics to Kambalda, consistent with arrangements already in operation; and
    • Other commercial terms – payable rates are subject to customary confidentiality clauses, all other terms are in line with industry standard for such agreements.
    • Jinchuan contract period – two years from February 1, 2020 or until completion of the aggregate quantity;
    • Quantity – 10,000 tonnes of nickel contained in concentrate per annum with a 20,000 tonne, aggregate limit;
    • Optional extension – the contract can be extended, by mutual agreement, for a further twelve month period at an aggregate nickel quantity to be agreed between the company and Jinchuan;
    • Delivery – CIF into China, utilising the already established logistic process; and
    • Other commercial terms – payable rates are subject to customary confidentiality clauses, all other terms are in line with industry standard for such agreements.

    Dan Lougher, managing director, commented:

    The company is very pleased with the execution of the new agreements that extend our long and mutually beneficial relationship with Nickel West and reintroduces Jinchuan as an offtake customer following completion of the Tsingshan contract as at January 31, 2020.

    It is notable that both of our offtake customers are involved in the downstream operation of nickel smelters. Western Areas firmly believes that the smelting of concentrates is a key process to continue to feed both the emerging electric vehicle battery market, via nickel sulphate, and the traditional stainless steel market.

    Click here to read the whole Western Areas (ASX:WSA,OTC Pink:WNARF) press release.

    australiawestern areaschinaotc:wnarfnickel investingasx:wsa
    The Conversation (0)

    Go Deeper

    AI Powered
    Nickel bars in front of a world map.

    Top 9 Nickel-producing Countries

    Canadian flag draped over "Ni" symbol and stock chart.

    Top 5 Canadian Nickel Stocks of 2025

    Latest News

    Quarterly Cashflow Report - June 2025

    Quarterly Activities Report - June 2025

    Quarterly Activities Report and Appendix 5B

    Quarterly Activities/Appendix 5B Cash Flow Report

    BPH Energy Limited Quarterly Activities Report

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    FPX Nickel

     
    FPX:CA

    Ni-Co Energy

    Noble Mineral

     
    NOB:CA

    Magna Mining

     
    NICU:CA

    Power Nickel

     
    PNPN:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×