09
Sep
11:37
Vale signs nickel project with Shandong Xinhai, Baowu
PT Vale Indonesia Tbk (INCO) has signed an investment agreement with Baowu Group's Taiyuan Iron & Steel Group (Tisco) and Shandong Xinhai Technology Company.
The $2.1 billion investment is focused on building a nickel smelter at the Bahodopi nickel project, which will produce approximately 73,000-80,000 tonnes of nickel per year, Kallanish learns. The commissioning of the plant is due in 2025. They are also considering the possibility …
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