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Indonesia Antam, China’s CNGR agree to develop nickel industrial park

Reuters | November 16, 2022 | 7:53 am Battery Metals Asia Nickel 
Indonesia Antam, China's CNGR agree to develop nickel industrial park
(Stock image)

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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