Ibris Nickel signs MoU with Chinese Company for developing smelter in Konawe
Wednesday, June 19 2013 - 06:15 AM WIB
By Cepi Setiadi & Godang Sitompul
Singapore based mineral mining company Ibris Nickel Pte. Ltd signed an MoU with Yong-Xing Alloy Materials Technology Taizhou Co., Ltd for the development of a smelter plant project in northern Konawe, Southeast Sulawesi, on Wednesday.
Arwan Ahimsa, Director & Group CEO of Ibris Nickel, said that the smelter will have a capacity of 6 million to 8 million tons of nickel ore per annum with the output of 600,000 tons of Nickel Pig Iron (NPI).
"This project involves about US$ 1.8 billion of investment," Arwan said after the signing.
Editing by Adianto P. Simamora