Indonesia expects delay to $11bn nickel projects over coronavirus
Projects being developed in Morowali and Konawe on Sulawesi island and in Weda Bay in North Maluku will be affected.
Projects being developed in Morowali and Konawe on Sulawesi island and in Weda Bay in North Maluku will be affected.
Top electric carmaker switches to zero-cobalt, nickel batteries for price sensitive Chinese market.
Eramet and Tsingshan are targeting annual NPI production of 30,000 tonnes per year from their joint venture.
As part of the deal, Below is required to fund $285,000 of exploration expenditures prior to the first anniversary of the agreement.
Henry also said that the company would be willing to sell its thermal coal assets if a buyer offered a good value.
Larco, which is 55% owned by the state, is floundering under half a billion euros in debt.
Nickel is the weakest performer in the LME base metals pack so far this year.
The project is Nornickel's joint venture with Russian businessman Musa Bazhaev.
Wood Mackenzie predicts that nickel sulphate premiums will switch to discounts and Chinese nickel pig iron will stutter.
That sent benchmark London nickel prices CMNI3 to their highest in almost five years.
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