Half Year 2021 Nickel Mines Ltd Earnings Call Transcript
Thank you, Jackie. And thank you, everyone, for your attendance today on the Nickel Mines first-half results presentation. If I could just ask the presenter to just skip slide 1, the disclaimer, and move to slide 2, the first-half highlights.
So, with a very strong start to this year, I'm starting with the highlights. Gross profit of USD93.4 million. Operating profit of USD89.9 million. Continued strong conversion of EBITDA to free cash flow. In terms of production, 20,200 tonnes of nickel production. Record attributable nickel production to Nickel Mines of 16,168. And a strong RKEF EBITDA of USD101.3 million.
At the Hengjaya Mine, we've had a very good first half of the year. Mine production of in excess of 1 million wet metric tonnes. And EBITDA of USD11.5 million on a standalone basis.
In terms of Angel Nickel, we now sit at 50%. We increased our acquisition to 50% during the half. In terms of the progress, it's going very well; still on target for second-half commissioning of 2022. And there's maybe an update slide a little later on
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