DJ Antam, Baosteel To Sign Pact On $1.2 Bln Ferronickel Plant Project -Official-Shanghai Metals Market

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DJ Antam, Baosteel To Sign Pact On $1.2 Bln Ferronickel Plant Project -Official

Industry News 04:12:04PM Jul 14, 2010 Source:SMM

JAKARTA, Jul 14 -- Nickel and gold producer PT Aneka Tambang (ANTM.JK) and Shanghai Baosteel Group Corp. will soon sign a $1.2 billion agreement to develop a ferronickel plant in Kalimantan, an official with Indonesia's state agency for investment told reporters Wednesday.

"The two companies are expected to sign the agreement soon or later this month," said Gita Wiryawan, head of Indonesia's Coordinating Board for Investment.

He said the plant, construction of which will start later this year, will have a capacity of 500,000 metric tons of ferronickel a year.

 

Key Words:  ferronickel plant   nickel Ni 

DJ Antam, Baosteel To Sign Pact On $1.2 Bln Ferronickel Plant Project -Official

Industry News 04:12:04PM Jul 14, 2010 Source:SMM

JAKARTA, Jul 14 -- Nickel and gold producer PT Aneka Tambang (ANTM.JK) and Shanghai Baosteel Group Corp. will soon sign a $1.2 billion agreement to develop a ferronickel plant in Kalimantan, an official with Indonesia's state agency for investment told reporters Wednesday.

"The two companies are expected to sign the agreement soon or later this month," said Gita Wiryawan, head of Indonesia's Coordinating Board for Investment.

He said the plant, construction of which will start later this year, will have a capacity of 500,000 metric tons of ferronickel a year.

 

Key Words:  ferronickel plant   nickel Ni