Jinchuan Group announced that its wholly-owned subsidiary, Jinchuan Group (Hong Kong) Investment Co., Ltd., intends to sign a "Joint Venture Agreement" with Huaxin Investment Co., Ltd., to develop a "Yearly Output of 20,000 Tons of High-Purity Nickel Metal Oxygen-Enriched Continuous Blowing High Ice Nickel Project." According to the agreement, both parties agree to establish a joint venture company in the industrial park in Morowali County, Central Sulawesi Province, Indonesia, and the joint venture company will be responsible for the construction and operation of the cooperative project.