China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
JAKARTA, Oct 5 (Reuters) – Indonesia as of the end of September has exported 1.49 million wet metric tons (wmt) of nickel ore and 0.49 million wmt of bauxite, Bambang Susigit, director of minerals at energy and mining ministry told Reuters.
The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.
It has issued 8.98 million wmt of exports quota for nickel ore and 9.66 million wmt for bauxite which are valid for a year.
(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy, editing by David Evans)
