Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Indonesia’s state miner PT Aneka Tambang Tbk and Chinese precursor manufacturer CNGR Advanced Material Co. Ltd. signed a framework agreement to build a nickel industrial park in Indonesia, the companies said on Wednesday.
CNGR will invest in a facility to produce nickel matte with installed capacity of 80,000 tonnes in a park managed by Antam’s unit PT Kawasan Industri Antam Timur, which is expected to start operations in 2025.
(By Stefanno Sulaiman and Bernadette Christina; Editing by Martin Petty)
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