Australia's Nickel Mines To Limit Stake Hike Option In Indonesian Project

Nickel Mines Ltd said on Monday the company and its Chinese partner in the Hengjaya Nickel Industry (HNI) project in Indonesia have agreed to amend two contractual terms, including limiting the option for the miner to raise its stake in the project.

The move comes at a time when Indonesia has said it would stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home.