Harita Group Takes Chinese Investor to Build Smelter

Translator

Editor

15 June 2015 16:44 WIB

Seorang pekerja saat mengolah nikel di smelter atau peleburan nikel PT Vale Tbk, dekat Sorowako, Sulawesi (8/1). Kebijakan larangan Indonesia terhadap ekspor bijih mineral utama mempengaruhi keefektivitasan untuk berinvestasi di peleburan bahan tambang. REUTERS/Yusuf Ahmad

TEMPO.CO, Jakarta - PT Megah Surya Pertiwi (MSP), a subsidiary of Harita Group, has started the construction of a nickel smelter on Obi Island, North Maluku. The project is done together with an investor from China, and is targeted for completion in June 2017 when it will enter commercial production stage.

"The commissioning will be done soon on the 20th month [of construction]," the company's senior general manager Arif Perdanakusumah said last weekend.The smelter construction is estimated to cost around US$ 320 million, financed by Harita and Chinese firms Xinxing Qiyun Investment Pte Ltd and Corsa Investment Pte Ltd, the subsidiaries of Xinxing Ductile Iron Pipes Co.

Harita controls 20 percent stake in the project while Xinxing has 80 percent.  

Once built, Arif said the smelter will produce 190,000 tons of ferronickel per year with 10-12 percent levels of purification.  

ROBBY IRFANY



Govt Asks SOEs to Buy Newmont's Remaining 7% Stake  

24 Oktober 2018

Govt Asks SOEs to Buy Newmont's Remaining 7% Stake  

The government is asking SOEs to buy Newmont's remaining seven-
percent obligatory divestment.


One Freeport Worker Dies in Work-Related Accident

24 Oktober 2018

One Freeport Worker Dies in Work-Related Accident

A worker of mining giant PT Freeport Indonesia died in a work-related accident,
the company confirmed on Saturday.


One Freeport Worker Dies in Work-Related Accident  

24 Oktober 2018

One Freeport Worker Dies in Work-Related Accident  

A worker of mining giant PT Freeport Indonesia died in a work-related accident,
the company confirmed on Saturday.


Association Urges Govt to Improve Mining Infrastructure

19 Oktober 2018

Association Urges Govt to Improve Mining Infrastructure

The Indonesian Young Entrepreneurs Association's (HIPMI) requested the
government to improve Indonesia's mining infrastructure.


Edi Yosfi: The stronger man wins

19 Oktober 2018

Edi Yosfi: The stronger man wins

He admits being in a joint venture with Koba Tin, knowing that he stands to lose if

the Malaysian tin company's contract is not extended.


BHP Chief Comes out Swinging against Australian Iron Ore Inquiry

19 Oktober 2018

BHP Chief Comes out Swinging against Australian Iron Ore Inquiry

BHP Billiton CEO denied that top producers Rio Tinto and BHP had colluded to
depress prices and drive smaller producers out of the market


Freeport Allowed to Operate Until 2021

18 Oktober 2015

Freeport Allowed to Operate Until 2021

The mining giant PT Freeport Indonesia could continue its
operation until 30 December 2021.


Freeport Might Provide Govt with More Shares for Contract Renewal

18 Oktober 2015

Freeport Might Provide Govt with More Shares for Contract Renewal

Freeport must provide the government with more shares at
around 51 percent if Freeport wanted to extend its business
license, an analyst says.


Freeport Important for Papua, says Company VP

18 Oktober 2015

Freeport Important for Papua, says Company VP

The company`s total investment for the community development
program for the period of 1992-2014 had reached US$1.3
billion


Antam, Inalum Chip In to Build Smelter

16 Oktober 2015

Antam, Inalum Chip In to Build Smelter

Antam and Inalum will begin the smelter construction next
year in Mempawah, West Kalimantan.