GEM to jointly invest in construction of nickel raw material project for new energy in Indonesia

GEM recently announced that on May 10, its wholly-owned subsidiary, GEM (Wuxi), signed a joint venture framework agreement with CAHAYA and Weiming (Hong Kong), a wholly-owned subsidiary of Weiming Environmental Protection.Asian Metal CopyrightGEM recently announced that on May 10, its wholly-owned subsidiary, GEM Wuxi, signed a joint venture framework agreement with CAHAYA and Weiming Hong Kong, a wholly-owned subsidiary of Weiming Environmental Protection.Asian Metal Copyright The parties agreed to jointly invest in the construction of nickel raw material project (nickel intermediate) for new energy with an annual output of 20,000 metal tons by hydrometallurgical process of laterite nickel ore in the Tsingshan Park of Sino-Indonesia Comprehensive Industrial Park in Morowaali County, Central Sulawesi Province, Indonesia, and the total investment is tentatively set at USD500 million.Asian Metal CopyrightGEM recently announced that on May 10, its wholly-owned subsidiary, GEM Wuxi, signed a joint venture framework agreement with CAHAYA and Weiming Hong Kong, a wholly-owned subsidiary of Weiming Environmental Protection.Asian Metal Copyright The project will be implemented by a joint venture company established by all parties (or their affiliated companies) in Indonesia, and GEM (Wuxi) will hold 51% equity of the joint venture company.
.Asian Metal Copyright The project will be implemented by a joint venture company established by all parties or their affiliated companies in Indonesia, and GEM Wuxi will hold 51% equity of the joint venture companyAsian Metal Copyright