Rio Tinto, Indonesia agree royalty rate for planned nickel mine


Rio Tinto Group, the world`s third-largest mining company, and the Indonesian government have agreed on royalty payments for a planned US$2 billion nickel project, an official said.
The government will get 1.5% of revenue from nickel-in-concentrate and 0.75% from refined metal, Simon Sembiring, director general of coal and mineral resources at the energy ministry, said [...]