Weiming Environment to invest no more than RMB1.739 billion in building nickel matte project in Indonesia
2022-01-06 16:38:36 [Print]
Weiming Environment announced on January 5th that it will establish a joint venture, PT
. JiaMan New Energy Indonesia, and hold 70% shares of the joint venture . Weiming Environment plans to invest in building a project, which will use lateritic nickel ore as raw material to produce nickel matte that contains 40,000t of nickel metal per year, in Indonesia via the joint venture . The project will have a total investment of no more than USD390 million, no more than USD273 million (RMB1 . 739 billion) of which will come from Weiming Environment calculated based on the equity proportion.