Eramet reaffirms Weda Bay project
Weda Bay, Halmahera in Molluca Islands will be Indonesia's next Soroako (giant nickel production facility run by International Nickel/Inco). France-based Eramet president Jacques Bacardats is in Jakarta this week to reaffirm the company's future plan for Weda Bay mineral project that may cost US$1.5 billion.
Early this month Eramet acquired controlling stakes of Weda Bay Minerals Ltd, an exploration and development company that
controls the Halmahera Nickel Cobalt Project at Weda Bay, Halmahera in Eastern
Indonesia. Halmahera is one of the largest undeveloped nickel projects
globally. State-owned mining company PT Aneka Tambang Tbk hold 10% shares in the project.
Simon Sembiring, director general for mining at the Energy and Mineral Resources Ministry told the press after the meeting between Energy Minister Purnomo Yusgiantoro and Bacardats that Eramet plans to produce nickel consentrates in Weda Bay. "But they might also produce nickel there, depend on the feasibility study," he said.
The plant in Weda Bay could produce up to 60,000 tones per year of nickel.
Eramet is an integrated mining and metallurgy group that produces non-
ferrous metals and their chemical derivatives, high-performance special
steels, nickel alloys and superalloys and high-performance parts for industry.
So far, Inco is the largest nickel producer in Indonesia through its Soroako, Sulawesi Island operation. Inco's installed capacity is around 70,000 tones of nickel consentrates per year and is working on US$250 million expansion project to boost the capacity by 30% to 90,000 tones/year.
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Early this month Eramet acquired controlling stakes of Weda Bay Minerals Ltd, an exploration and development company that
controls the Halmahera Nickel Cobalt Project at Weda Bay, Halmahera in Eastern
Indonesia. Halmahera is one of the largest undeveloped nickel projects
globally. State-owned mining company PT Aneka Tambang Tbk hold 10% shares in the project.
Simon Sembiring, director general for mining at the Energy and Mineral Resources Ministry told the press after the meeting between Energy Minister Purnomo Yusgiantoro and Bacardats that Eramet plans to produce nickel consentrates in Weda Bay. "But they might also produce nickel there, depend on the feasibility study," he said.
The plant in Weda Bay could produce up to 60,000 tones per year of nickel.
Eramet is an integrated mining and metallurgy group that produces non-
ferrous metals and their chemical derivatives, high-performance special
steels, nickel alloys and superalloys and high-performance parts for industry.
So far, Inco is the largest nickel producer in Indonesia through its Soroako, Sulawesi Island operation. Inco's installed capacity is around 70,000 tones of nickel consentrates per year and is working on US$250 million expansion project to boost the capacity by 30% to 90,000 tones/year.
Labels: Chemical, INCO, Purnomo Yusgiantoro
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posted by yosef at 2:08 PM
3 Comments:
Another our natural resources goes to foreign company.. I don't know why is it hard to exploit what is already there inside our ground? Can our engineer do that and how much money is needed? Can we loan some money to exploit them concerning that it is already there, I guess the lender won't mind...
This is strange and may have hidden cost behind them... It is clearly a violation of our UUD 45 article 33 that natural resources should be used for the wealth of our nation..
By the way, I came up to your blog just recently.. IT IS GREAT, MAN.. You have all the insight, background, how and who in Indonesian business.. Thanks for your writing.. I immediately save them as favourite and will check them out everyday..
As much as I hate seeing indonesia's resources being eaten away, I have to agree with pd98004. We live on FDI, and we should stop crying and complaining about this and move forward. Without petty squabblings, in time we will be able to exploit our own resources.
Dear Mr. Yosef,
Regardless of pro and contra, I am a man who is looking for some job opportunity that may be available in Eramet Company. I do not have any experience in mineral resources and mining business like this one but if the company is realy care of Indonesian people there should be some job for me.
Mr. Yosef, could you please advise me by email with Human Resources Contact address and person on Eramet in Halmahera? My email address is haris3164@yahoo.co.id
Hope to hear from you soon and Thank you very much
Best regards / Haris Assri
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