Indonesian coal miner Harum Energy buys stake in nickel plant

  • Tuesday, April 2, 2024
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, steel, ferronickel, electrolytic nickel, refined nickel
[Fellow]PT Harum Energy has bought a controlling stake in a nickel processing plant, part of a trend of Indonesian coal miners moving into metals vital to the energy transition.

[Ferro-Alloys.com] 

Indonesian coal miner Harum Energy buys stake in nickel plant

PT Harum Energy has bought a controlling stake in a nickel processing plant, part of a trend of Indonesian coal miners moving into metals vital to the energy transition.
 
The miner acquired 51% of PT Blue Sparking Energy by converting part of a loan to the company into equity, according to a stock exchange filing. The nickel refiner issued new shares worth around $206 million for the swap.
 
Blue Sparking is developing a high pressure acid leach plant at an industrial park in Weda Bay in North Maluku province, which makes a lower carbon form of nickel coveted by electric vehicle manufacturers.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:邢亚敏]

Related News

·BMZ plans to supply at least 200 thousand tonnes of steel to count...04-01
·On April 1st, the APNI released INPI Index04-01
·Russia’s Nornickel: Some EU clients refuse to buy products made o...04-01
·EU imported 240 thousand tons of Russian iron and steel products i...03-28
·India's JSL and IIT ink pact to collaborate on R&D and production ...03-28

Tell Us What You Think

please login!   login   register

  • Buy & Sell

 
Please be logged in to comment!