Poseidon Nickel confirms Norilsk talks

The Andrew Forrest-led Poseidon Nickel has confirmed it is in talks with Russian miner Norilsk Nickel about the possible acquisition of the Cawse nickel operation in Western Australia.


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Western Australia
If Poseidon get that plant going, keep it going, and do so profitably they will be among the VERY few operators who have done so. Many have tried and failed and for several very good technical reasons. Cawse is an HPAL or High Pressure Acid Leach plant, it uses hot concentrated sulphuric acid under high pressure to liberate nickel from oxidised nickel ores, such as laterite nickel. This process is v.expensive (acid costs), v.dangerous (hot pressurised acid, not ideal for human existence), and can be expensive to maintain. On the other hand it can produce very high quality nickel metal concentrate from the immense laterite nickel deposits scattered around WA, some in very close proximity to the key Poseidon asset at Windarra. I say "good luck" to them and I hope it pays off. They will make a mint IF they can do it.

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