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NICKEL REVIEW

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                                                                                  Wa Minister of Mines Bill Johnston told
                                                                              paydirt editor Dominic piper at the australian
                                                                              Nickel Conference about his recent meetings
                                                                                   with battery supply chain customers in
                                                                                           Europe and North america.



          :  The State Government has      opportunity to do processing of cathode-  want to do processing engineering go to
      Q  made a big policy push            making materials here in WA and whilst   Perth because we actually know how to
           towards downstream              you don’t get any investments in that   do that. We have a skilled workforce; we
           processing and the battery      space you do have people looking at   have the experience of knowing what to
           sector in the last 18 months.   what options they have. If you further   do in that space. This is about expanding
           Are you still happy with        process the material [here] you reduce   capacity, we are not competing with
           this decision? When will        the transport costs, as you are not   existing capacity because we are
           the fruits of this policy be      transporting a lower value material. The   talking about 300-400% increases in
           recognised?                     other thing is that you are securing a   demand over the next 20 years as EVs
          :  Yes, we are happy and as       second supply chain. Everyone knows   and standing storage take off. This
                                           that the dominant player is China and
                                                                                investment has to happen. Given these
       A   government we can do a lot of   this is a way that companies in Europe   things are 30 years’ worth of investments
       things; one thing we can do is help   and North America can secure a second   for a slightly higher capex because the
       with land supply infrastructure, access   supply chain.                  engineering still has to be done in Asia,
       to ports and supporting training. The                                    the capital cost is actually not that much
       Future Battery Industry CRC is also                                      higher. But, given you are going to be
       another thing we support for R&D.      :  How is WA being promoted as a   doing it for 30 years you have those
       These are all genuine opportunities for  Q  jurisdiction to international   other advantages. We can provide the
       government to help industry. [In nickel]      end-users?                 business case so people can make
       we are interested in proposals from    :  Firstly, we are have demonstrated    money and supply product at a cost that
       IGO [Independence Group NL] and     A  capacity to support foreign       their off-takers want.
       others through the processing of nickel   investment over a long period of time;
       sulphate.                           that is absolutely critical. When you see
                                           some countries change their policies   :  We have seen price spikes and
          :  WA has always been a supplier    on a regular basis that does make it   Q  troughs in lithium, graphite
      Q  of raw materials, particularly to    harder for people to judge where they      and cobalt recently. Is the
           the Asian market. How do you    are going to invest. We have a high      Government conscious of picking
           market this downstream policy    capacity to demonstrate our ethical      certain winners and losers in
           in Asia and elsewhere?          supply capacity and that is becoming        commodities for technologies?
                                                                                    Is there room to have a focus on
          :  I have only recently arrived       increasingly important for end-users and      nickel at one point?
       A   back after travelling to Europe and   the Facebook generation. We have high
       North America to, in part, promote our   capacity to apply technology to solve   :  We’re trying to support people
       future battery strategy and we received   problems and the mining industry in WA  A  making investments so clearly
       a very strong and positive response.   is adept with that; if you want to be a   the investors are the ones who make
       People understand why there is an   finance engineer go to New York, if you   the decision about what is going to win



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