SMM Update of Chinese NPI Projects in Indonesia in October 2016

Company

Capacity under operation/construction

  Status

New Output in 2016E

   Expected      Commissioning

（1,000 mt, Ni content）

（1,000 mt, Ni content）

Stage 1 of Tsingshan Group’s Phase 2 project

30

under operation

24

already commissioned in late 2015

Stage 2 of Tsingshan Group’s Phase 2 project

30

under operation

20

already commissioned in late March 2016

Zhenshi Group’s Phase 2 project

2.16

under operation

1.35

March-April 2016

Stage 1 of Zhenshi Group’s Phase 3 project

2.16

under operation

1.08

June 2016

Hengshun Electric Equipment

2.16

under operation

1.3

late March 2016

Ifishdeco

4.32

ready for operation

1.44

H2 2016

Xinxing Ductile Iron Pipes Co.’s Phase 1 project

18

ready for operation

4.5

Sep. 2016

Stage 2 of Zhenshi Group’s Phase 3 project

2.16

ready for operation

0.36

Oct. 2016

Stage 1 of Wugang Group’s phase 1 project

6.48

under construction

0.36

late 2016

Indoferro

9

under construction

0.5

late 2016

Ningbo Brilli-Metal

2.16

ready for operation

0.72

late 2016

Total

108.6

-

55.61