International mining company Transasia Minerals (Transasia) is set to boost Indonesia’s nickel production with a $2bn processing facility in Morowali, Central Sulawesi, Indonesia.
The project will be undertaken alongside Artha Bumi Mining (ABM) group following the reinstatement on 10thNovember 2021 by the Indonesian Supreme Court of the company’s nickel ore mining licenses.
With a focus on the production of ferronickel and EV (electric vehicle) battery grade nickel sulphate – a raw material used to produce EV batteries – the project also intends to boost Indonesia’s economic growth in addition to attracting foreign investment.
This will provide an opportunity for the country to capitalise on its status as one of the world’s leading nickel ore extractors.
In 2019 Indonesia’s investment coordination council announced an immediate ban on the export of nickel ore, a move that aimed to encourage the development of domestic refineries.
... to continue reading you must be a member