Western Areas Limited
(ASX:WSA) says it has re-signed with JinChuan Group for a nickel concentrate sales contract.
While the commercial terms are confidential the contract is for 2 years and the nickel concentrate will be sold on a Free on Board basis from the Esperance Port as per the existing agreement.
The deal extends a five year relationship between the two companies after a competitive tender process against the backdrop of the Indonesian Export Ban and structural changes to the nickel industry in Western Australia.
Western Areas Limited
(ASX:WSA) posted a net profit of $25.5 million for the 2014 financial year.