Division 48Production of nickel

### Division 48—Production of nickel 348 (1) The production of nickel is the chemical and physical transformation of either or both of: (a) nickel bearing inputs into intermediate nickel products, primary nickel products or cobalt products; (b) intermediate nickel products into primary nickel products or cobalt products. (2) The production of nickel is specified as an emissions‑intensive trade‑exposed activity. (3) The production of nickel is a moderately emissions‑intensive activity. (4) For the production of nickel, the basis for the issue of free carbon units is that the nickel is: (a) measured, on a dry weight basis, by a tonne of: (i) 100% equivalent nickel, contained in the following: (A) primary nickel products produced from nickel bearing inputs; (B) intermediate nickel products produced from nickel bearing inputs that are not subsequently transformed into primary nickel products at the same facility; (C) primary nickel products produced from intermediate nickel products that have not been produced at the same facility; or (ii) 100% equivalent cobalt, contained in cobalt products; and (b) produced by carrying on the emissions‑intensive trade‑exposed activity; and (c) of saleable quality. > Note: Saleable quality is explained in Part 2. (5) In this Division: > cobalt products means: (a) cobalt hydroxide (Co(OH)2) or cobalt oxyhydroxide (CoOOH) where the concentration of cobalt is at least 65% with respect to mass, measured on a dry weight basis; and (b) cobalt (Co) where the concentration of cobalt is at least 99% cobalt with respect to mass, measured on a dry weight basis. > intermediate nickel products means the following outputs of saleable quality from a nickel production process that are suitable for further refining: (a) nickel matte where the concentration of nickel is at least 64% nickel with respect to mass, measured on a dry weight basis; (b) mixed nickel‑cobalt hydroxide precipitate where the concentration of nickel is between 35% and 47% with respect to mass, measured on a dry weight basis; (c) basic nickel carbonate (Ni3(CO3)(OH)4) where the concentration of nickel is between 40% and 45% with respect to mass, measured on a dry weight basis; (d) nickel sulphide concentrate (NiS) where the concentration of nickel is between 6.5% and 29% with respect to mass, measured on a dry weight basis. > nickel bearing inputs means mineralised nickel ores and low grade nickel waste products that require equivalent processing to mineralised nickel ores to produce intermediate or primary nickel products. > primary nickel products means: (a) basic nickel carbonate (Ni3(CO3)(OH)4) where the concentration of nickel is at least 50% nickel with respect to mass, measured on a dry weight basis; and (b) nickel oxide (NiO) where the concentration of nickel is at least 78% nickel with respect to mass, measured on a dry weight basis; and (c) nickel (Ni) where the concentration of nickel is at least 98% nickel with respect to mass, measured on a dry weight basis.