Japan Inc backing for nickel mine puts BHP bailout in doubt

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Apr 29, 2024 - 3.27pm

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Japan Inc will back the development of one of the world's biggest nickel deposits in Western Australia in a move that casts further doubt on whether the Albanese government will bail out BHP and its struggling operations.

Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP's ageing nickel smelter.

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