Will electric vehicle manufacturers be able to secure enough raw materials moving forward?

Huayue Nickel and Cobalt (HNC) is one of the first high pressure acid leaching (HPAL) projects in Indonesia. The operation was developed by majority owner Huaquing Nickel and Cobalt, a wholly owned subsidiary of Huayou Cobalt. It is located in the Indonesia Morowali Industrial Park (IMIP). Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs.

The project is planned to be mined by a combination of open pit and underground mining methods. Open pit mining will utilise conventional truck and shovel open pit mining methods at an ore production rate of 21kt/d. Underground mining will utilise long hole open stoping methods at a full production rate of 3.2kt/d in 2026. Combined mine life is estimated at 14 years. The Rainy River mill is based on a carbon-in-pulp (CIP) leach circuit with an ore processing capacity of 9.4Mt/a. Once at peak capacity, gold production is estimated at around 289 thousand ounces per annum.