Our simple surface mining method allows for efficient processes and posts low operational risk. This, along with our flexible nickel ore supply, large mineral resources and reserves, high exploration potential and experienced management team, enables us to improve our position in the industry cost curve and ultimately optimizes revenues and profitability.
Our established partnerships with multiple mining contractors also mean we can scale production with only minimal capital investment requirements. These fundamental strengths raise our overall competitiveness in a world that is changing at a pace we have never seen before.
From our earliest continuous efforts of creating more vibrant economy for our host communities to building well-functioning community infrastructure and introducing new and innovative environmental solutions, FNI has never stopped evolving — and we never will.
Nickel has been the backbone of stainless steel infrastructure that makes world-class economies. Two-thirds of global primary nickel go into stainless steel, which can be used in a wide range of infrastructure applications such as energy supply, bridges, harbors, airports, and water and sewage.
Increasingly, nickel is being sought for the development of key parts of battery systems that power electric vehicles. The current leading technology for EV battery is NCA chemistry (nickel-cobalt-aluminum) which uses a cathode that is 80% nickel.
Other emerging uses of nickel which we continue to look at are cooling systems in nuclear power plants, electronics, as well as transport and emergency power supply.
Although the development and eventual adoption of these technology are at different speeds, we believe that we are poised to benefit from the potential we see for 2017 and beyond.