Australia Korea Business Council | AKBC member Australian Mines named as one of the best performing stocks of 2017-18
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AKBC member Australian Mines named as one of the best performing stocks of 2017-18

AKBC member Australian Mines was named as one of the best performing stocks in 2017-18, thanks to the signing of a 13-year off-take agreement with Korea’s SK Innovation.

SKI is committed to purchasing up to 12,000 tonnes of cobalt sulphate and 60,000 tonnes of nickel sulphate a year from Australian Mines’ flagship Sconi project in northern Queensland.

SKI is building battery plants around the world  at cost of about $US1 billion apiece to supply car makers and is relying on product from Sconi starting from 2021.

Read more here.