Nickel Industries Ltd (FRA:NM5)
€ 0.454 0.006 (1.34%) Market Cap: 2.18 Bil Enterprise Value: 2.53 Bil PE Ratio: 20.00 PB Ratio: 1.01 GF Score: 60/100

March 2024 Nickel Industries Ltd Activities Report Call Transcript

Apr 30, 2024 / 01:00AM GMT
Release Date Price: €0.51 (+2.41%)
Justin Werner
Nickel Industries Ltd - Managing Director, Executive Director

Thank you, and thank you, everyone, for your attendance today at the March quarterly activity results presentation for the Nickel Industries. If I could just ask the slide moderator to move to slide 3, please, and we will kick off there with them safety and sustainability.

The company-wide 12-month rolling lost time injury frequency rate at the end of March was 0.23 per million man hours. Comparing this to the World Steel Association five-year average, which is 0.65 per million hours, and we are well below that industry average as well as the TRIFR, or total recordable injury frequency rate, and actually recorded 1.14, again, significantly lower than 3.66, which is the benchmark. Again, as stated by the World Steel Association.

The Hengjaya Mine during the quarter was also awarded the highest sustainability score for the entire nickel sector in Indonesia and the fourth highest score for mining companies and as audited by the Indonesian Forestry and Environmental Department. I think this cemented as the leader

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