Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

Merdeka Battery to Manage One of World’s Biggest Nickel Mines

jakartaglobe.id

Sun 12 Mar 2023, 09:34 AM

Share

Events

Mining company Merdeka Battery Materials, a subsidiary of Merdeka Copper Gold (MDKA), is preparing to operate 21,000 hectares of mining area in Konawe, South East Sulawesi, which has one of the biggest nickel reserves in the world. “The area we are set to manage measures 21,100 hectares in Konawe. It has one of the biggest nickel deposits in the world,” Merdeka Copper Corporate Communication Manager Dinia Widodo said during a recent visit to B-Universe Media Holdings in Jakarta.

Dinia said Merdeka Battery is “riding the wave of opportunity” in the government’s electrification push and ambition to make Indonesia a major electric vehicle ecosystem. The company plans to launch an initial public offering in the second quarter of the year, she said without citing a date. Merdeka Battery currently owns a 51 percent share of Sulawesi Cahaya Mineral, which manages an estimated 1.1 billion tons of nickel ore deposits.  It also has a controlling stake in Cahaya Smelter Indonesia, Bukit Smelter Indonesia, and Zhao Hui Nickel which run smelters to process nickel ores. Furthermore, Merdeka Battery has a 32 percent share in the Konawe Industrial Park. Parent company Merdeka Copper runs a gold mine in Banyuwangi, East Java, and a copper mine in Wetar Island, Maluku.

“Another production site is currently under construction in Gorontalo. Hopefully, it will come operational this year,” Dinia said. Last month, Merdeka Copper announced the finding of 263 million tons of mineral resources containing 6.35 million ounces of gold in Gorontalo. The gold mining project is expected to begin in the third quarter of the year.

Source: https://jakartaglobe.id/business/merdeka-battery-to-manage-one-of-worlds-biggest-nickel-mines

Image source: jakartaglobe.id

Source Link: https://jakartaglobe.id/business/merdeka-battery-to-manage-one-of-worlds-biggest-nickel-mines

Advertisement

Relate News

News
12 Jan 2023, 12:23 PM

Samindo Resources (MYOH) Targets Overburden Removal Volume of 35 Million Bcm

3255 Views
News
27 Feb 2024, 09:00 AM

Indo Tambangraya (ITMG) Produced 16.9 Million Tons of Coal in 2023

Bisnis.com / itmg.co.id
3568 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
3312 Views
News
12 Feb 2023, 15:12 PM

MIND ID: Antam Will Continue Negotiating EV Battery Factory with LG Energy Solution

industri.kontan.co.id
3279 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.