Western Areas gets new offtake partner

ASX-listed nickel miner Western Areas has signed an offtake agreement with Chinese steel maker, the Tsingshan Group, for some 10 000 t/y of nickel contained in concentrate, for a three-year period, starting in February 2017. Western Areas MD Dan Lougher said on Monday that the agreement was many years in the making, and followed on from the company's desire to capture as much value as possible for the nickel-in-concentrate it sold.