SHANGHAI, Nov 25 (SMM) – Weiming Group and Indigo signed a strategic cooperation framework agreement on November 24 for the joint development and construction of a 40,000 mt high-grade nickel matte project in Indonesia.

The project will focus on the development of low-grade nickel ore and the utilisation technology of tailings. The total investment is about $400 million.

With the advantage in environmental friendly energy and equipment manufacturing, Weiming plans to increase its investment and expand its layout in the new energy field through this project.

The production capacity of high-grade nickel matte in Indonesia will increased by 40,000 mt, and the total capacity in Indonesia is expected to reach 300,000 mt (Ni content).