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Independence Group managing director Peter Bradford says the cargo is in line with the company's recent guidance. Photo: Attila Csaszar.

Nickel dispatch begins at Nova

The first cargo of concentrate from Independence Group’s Nova nickel mine has been dispatched to Kambalda, with the site’s processing plant to reach nameplate production capacity of 1.5 million tonnes per annum in the middle of next year.

About 50 per cent of the mine’s production for the first three years will be delivered to BHP Billiton Nickel West’s Kambalda facility, with the remainder shipped via Esperance in a three-year contract with Glencore.

Nicklel concentrate shipping is expected to start in June next year, with Hudson Shipping the contractor, while copper concentrate is expected to begin dispatch to offtake partner Dutch company Trafigura around the same time.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
19thOM Holdings909%30%
240thSaracen Mineral Holdings41%31%
257thGold Road Resources38%49%
268thIndependence Group34%4%
584thWestgold Resources-21%0%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

28/11/17
$0 Issued
18/09/17
$106k Bought
06/09/17
$13k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

11th↑OM Holdings$474.3m
12th↑Westgold Resources$438.5m
13th↓Independence Group$424.1m
14th↑Saracen Mineral Holdings$423.2m
15th↑Gold Road Resources$326.6m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Independence Group

35thPeter Bradford$1.313m
138thBrett Hartmann$676k
183rdScott Steinkrug$592k
Ranked by total remuneration from all listed WA companies

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