Indonesia Antam, China’s CNGR agree to develop nickel industrial park

(Stock image)

Indonesia’s state miner PT Aneka Tambang Tbk and Chinese precursor manufacturer CNGR Advanced Material Co. Ltd. signed a framework agreement to build a nickel industrial park in Indonesia, the companies said on Wednesday.

CNGR will invest in a facility to produce nickel matte with installed capacity of 80,000 tonnes in a park managed by Antam’s unit PT Kawasan Industri Antam Timur, which is expected to start operations in 2025.

(By Stefanno Sulaiman and Bernadette Christina; Editing by Martin Petty)

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