Home / Directory / List News / Detail News

Australian Nickel Company in Morowali Ready for Production in 2025

CNBC Indonesia / FAISAL RAHMAN

Wed 13 Mar 2024, 14:23 PM

Share

Events

Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that the nickel downstream industry in Morowali has a new player from Australia, namely Nickel Industries.

The company, according to him, has committed to pouring USD 1.76 billion in investment to build the excelsior nickel cobalt (ENC) high-pressure acid leach (HPAL) project in the Indonesia Morowali Industrial Park (IMIP).

The construction process has been carried out since October 2023. However, he confirmed that the company, which cooperates with Tsingshan, will start production in the first half of 2025 and absorb 3,500 workers.

"The plan is to start production in early 2025 and employ 3,500 people," said Airlangga in his office in Jakarta on Friday (8/3/2024).

Airlangga said that the Australian nickel downstream company's investment is important for Indonesia because it will diversify foreign companies in Morowali, which has been considered dominated by Chinese companies.

"Not all investment in the nickel sector, in the downstream, is from Chinese investors, but there are also those from Australia," he said.

"So, in 2025, HPAL will operate in Morowali where Nickel Industries, a company listed in Australia, will be one of the largest shareholders," said Airlangga.

The government claims the Australian company's project will be the first to globally produce three first-class nickel products for the electric vehicle and battery market, namely mixed hydroxide precipitate (MHP), nickel sulfate, and nickel cathode.

 

Image source: CNBC Indonesia / FAISAL RAHMAN
Source: https://www.cnbcindonesia.com/news/20240308183843-4-520875/perusahaan-nikel-australia-di-morowali-siap-produksi-mulai-2025 

Advertisement

Relate News

News
26 Dec 2022, 09:00 AM

Golden Eagle (SMMT) Aims for 20% Increase in Sales Volume in 2023

investor.id
3628 Views
News
06 Aug 2024, 09:53 AM

Petrosea (PTRO) Signs Contractor Management Agreement with Bumi Barito Mineral

PTRO
2369 Views
News
02 Aug 2022, 09:42 AM

Archi Indonesia (ARCI) Confident Performance Improvements by the End of the Year

www.industri.kontan.co.id
3318 Views
News
16 Feb 2023, 12:00 PM

KPC Target 53 Million Tons Production

idxchannel.com
3752 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.