Weiming Environment to invest no more than RMB1.739 billion in building nickel matte project in Indonesia

Weiming Environment announced on January 5th that it will establish a joint venture, PT.Asian Metal CopyrightWeiming Environment announced on January 5th that it will establish a joint venture, PT.Asian Metal Copyright JiaMan New Energy Indonesia, and hold 70% shares of the joint venture.Asian Metal Copyright .Asian Metal Copyright 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.Asian Metal CopyrightWeiming Environment announced on January 5th that it will establish a joint venture, PT.Asian Metal Copyright The project will have a total investment of no more than USD390 million, no more than USD273 million (RMB1.Asian Metal CopyrightWeiming Environment announced on January 5th that it will establish a joint venture, PT.Asian Metal Copyright739 billion) of which will come from Weiming Environment calculated based on the equity proportion.
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