SHANGHAI, Dec 3 (SMM) – Hongsheng International Resources Co, a wholly-owned subsidiary of Chengtun Mining Group, intends to sign a joint venture agreement with Extension Investment Pte. Ltd to establish Chengmai Nickel Co. in Indonesia. The initial authorised registered capital is $1million.
Hongsheng International holds a 70% stake in Chengmai Nickel, and Extension holds a 30% stake.
The subsequent authorized capital will be paid according to the progress of the project's funding requirements.
Chengmai Nickel plans to construct a high-grade nickel matte project with an annual output of 40,000 mt (Ni content) in IWIP, Indonesia, with a total investment of $350 million.
Based on the shareholding ratio, Chengmai Nickel’s investment is $245 million.
![[Análisis SMM] Entran en vigor las normas de "fusión y vertido" de la UE: ¿Qué cambiará para las exportaciones de acero inoxidable a Europa?](https://imgqn.smm.cn/usercenter/UpZsx20251217171731.jpeg)
![[Análisis SMM] La disposición de compra de los compradores chinos se fortaleció; los cambios en el mercado de exportación de sulfato de níquel de Corea del Sur fueron dignos de destacar.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
![[Análisis SMM] El interés de compra chino se fortalece, atrayendo atención a los cambios en el mercado de exportación de sulfato de níquel de Corea](https://imgqn.smm.cn/usercenter/LNpBh20251217171732.jpeg)
