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Forrest makes a ‘whatever it takes’ bet on clean nickel

Key Points

  • Nickel sulphides have the lowest environmental footprint and are fully recyclable.
  • The nickel laterite common in Indonesia produces tailings that end up in the sea.
  • Wyloo in combination with Mincor could produce 40,000-60,000 tonnes a year.

Billionaire Andrew Forrest is rewriting history in nickel-rich Western Australia, returning to the scene of his biggest career heartbreak as the owner of Mincor Resources.

He is willing to invest “whatever it takes” to become a global force in nickel via his private investment vehicle, Wyloo Metals, in a sector where BHP leads the way in terms of Australian output.

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Brad Thompson was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/companies/mining/forrest-s-whatever-it-takes-bet-on-clean-nickel-20230705-p5dltj