Weiming Environment to invest in building nickel matte project with 40,000tpy of nickel-containing metal in Indonesia by joint venture

Weiming Environment announced on January 24 that the company signed a "Project Joint Venture Agreement" with Merit Company, and both parties proposed to establish a project company to invest in a laterite nickel ore smelting project with an annual output of 40,000t of nickel matte (40,000t of nickel-containing metal) in Indonesia and a total investment for not more than USD390 million.Asian Metal CopyrightWeiming Environment announced on January 24 that the company signed a "Project Joint Venture Agreement" with Merit Company, and both parties proposed to establish a project company to invest in a laterite nickel ore smelting project with an annual output of 40,000t of nickel matte 40,000t of nickel-containing metal in Indonesia and a total investment for not more than USD390 million.Asian Metal Copyright The company holds 70% equity of the project company.Asian Metal Copyright The company holds 70% equity of the project company.Asian Metal Copyright According to the company's shareholding ratio, this foreign investment amount does not exceed USD273 million.
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