The agreement provides for the group’s supply of a total of 2.7 million metric tonnes of high grade nickel ore from March to December 2022, with a minimum quantity of 50,000 metric tonnes per month.
Catalist-listed Silkroad Nickel has entered into a new offtake agreement with PT Ekasa Yad Resources, a Tsingshan Group company on March 15 for an estimated contract value of US$90 million ($120.9 million).
The value is based on the benchmark price for nickel ore set by the Indonesian government.
