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Category: Asia

Nickel Asia sells its stake in Coral Bay

Nickel Asia Corp. (NAC) says that it has completed the sale of its 15.6% stake in Coral Bay Nickel Corp. to its Japanese partner Sumitomo Metal Mining. Nickel Asia says that the sale has been due to “unfavourable market conditions” for the high pressure acid leach (HPAL) nickel processing plant. Although Coral Bay is regarded as one of the most efficient HPAL units in the world, nickel prices have been extremely volatile over the past few years and stood a 4-year lows in January at around 15,000/t, their lowest level since September 2020. Nickel Asia still owns a 10% stake in the Taganito HPAL Nickel Corp.

Sulphur Industry News Roundup

NextChem has been awarded two contracts to upgrade and expand the capacity of the Heydar Aliyev Oil Refinery (HAOR) industrial complex in Baku by state oil company SOCAR. As part of the contract, NextChem will conduct a technological assessment and deliver a process design package to upgrade the existing sulphur recovery unit (SRU) with oxygen enriched air, a cost-effective and flexible solution for expanding its current sulphur production capacity. Additionally, NextChem will provide the licensing and the process design package based on its proprietary NX SulphuRec TM technology for a new SRU. NX SulphuRec TM is a portfolio of proprietary sulphur recovery technologies, based on the integration of modified Claus and tail gas treatment processes, aimed at reducing the environmental impact of acid and sour gases produced during the refining process.