SMM Update of Chinese NPI Projects in Indonesia in November

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 Dec. 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

Jun. 2016

Hengshun Electric Equipment

2.16

under operation

1.3

late March 2016

Xinxing Ductile Iron Pipes Co.’s Phase 1

18

under operation

2

Sep. 2016

Macrolink Group

2.16

under operation

0.03

Oct. 2016

Ifishdeco

4.32

ready for operation

0.36

late 2016

Stage 2 of Zhenshi Group’s Phase 3 project

2.16

ready for operation

0.18

late 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

110.76

-

51.34

late 2016