Long the key driver for Independence

摘要

With a 4 million dollars exploration budget, increasing nickel production, some world-first technology assisting in underground development and a 9.9 million dollars profit in the December quarter, Independence Group NL has a lot to smile about. The company has come a long way since its listing in January 2000, the key driver being the purchase from WMC Resources Ltd of the Long nickel mine near Kambalda. With a current market capitalisation of 125 million dollars the company is trying to increase its shareholder base in the United Kingdom. About 6 percent of its current stock holders are based offshore.