INDEPENDENCE GROUP ( IGO )
Independence Group ’ s Nova Project on the Fraser Range in Western Australia is a world class nickel mine comparable with Canada ’ s Voisey ’ s Bay – and it is coming on stream at just the right time
W ith nickel prices languishing below $ 10,000 a tonne compared to the end of 2010 when this key base metal was selling for nearly three times as much , you might wonder why anyone would be excited about a new nickel project . It ’ s hardly necessary to review factors like China ’ s growth slowdown and the fact of over-supply for the last three years , however nickel remains a vital commodity for industry . Some 2.0 million tonnes of nickel are produced and sold globally every year , of which 65 percent is consumed in the manufacture of stainless steel . Another twelve percent is used in super alloys and non-ferrous alloys .
Peter Bradford , Independence Group ’ s Managing Director and CEO , who is driving forward with the development of the world class Nova nickel Project in Western Australia , is convinced that there are benefits building a mine at the bottom of the market , particularly when that project can be brought in at lower cost and can return a profit even at current
56 August 2016