SMM: recently, Shengda Mining issued an announcement that the 37th meeting of the ninth board of directors of Shengtun Mining Group Co., Ltd. (referred to as "Shengtun Mining" or "the company") examined and adopted the "motion on investing in the project of investing in a project with a high annual output of 34000 tons of nickel and nickel in Weidabe Industrial Park, Indonesia." The joint venture company Youshan Nickel Indonesia Co., Ltd. (referred to as "Youshan Nickel") carries out the construction of a high nickel matte project with an annual output of 34000 tons of nickel.
The No. 1 electric furnace with an annual output of 34000 tons of nickel in Weidabe Industrial Park, Indonesia, which was built by Youshan Nickel Co., Ltd., successfully produced the first batch of Ferro-nickel on September 5, 2020.
The high nickel matte project with an annual output of 34000 tons of nickel in Youshan Nickel has been officially put into production, which has expanded the scale of the company's overseas nickel business and will produce better economic benefits in the future, which will help to further enhance the company's profitability and sustainable development ability. will have a positive impact on the company's financial statements.
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