Toledo - Cashflow from the world's 3rd largest Nickel Resource

this is another nickel laterite project:

they describe the preferred smelting technology:

The process plant is based on flash drying and calcining of the ore and uses DC (direct current) arc furnace smelting technology to produce the ferronickel alloy. This technology offers the most economical solution for extracting the nickel, due to comparatively low capital costs, high thermal energy efficiency and high Ni recovery. DC furnace technology has also been shown by Mintek to be well suited to processing the fine Shevchenko ores over the range of compositions expected. Falconbridge has selected a very similar process flowsheet and DC arc technology for their Koniambo project in New Caledonia.


+ who's buying the nickel:

"Oriel is at an advanced stage with the negotiations for an exclusive off take agreement with ThyssenKrupp Metallurgie that covers worldwide sales of the ferronickel. At this stage of the project development costs associated with the transportation to market have not been factored into the cash cost of production. "

and it creates employment:

When constructed and in full production the operation will directly employ 752 personnel in a region that suffers from low industrial activity. Socio-economic studies show that the project will bring much needed employment to the region and will be welcomed by the local population.