{"id":20014,"date":"2022-01-19T03:00:00","date_gmt":"2022-01-19T03:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/01\/19\/transasia-minerals-ltd-announces-plans-to-develop-a-nickel-processing-facility-in-indonesia-with-artha-bumi-mining-group-by-2024\/"},"modified":"2022-01-19T03:00:00","modified_gmt":"2022-01-19T03:00:00","slug":"transasia-minerals-ltd-announces-plans-to-develop-a-nickel-processing-facility-in-indonesia-with-artha-bumi-mining-group-by-2024","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/01\/19\/transasia-minerals-ltd-announces-plans-to-develop-a-nickel-processing-facility-in-indonesia-with-artha-bumi-mining-group-by-2024\/","title":{"rendered":"Transasia Minerals Ltd announces plans to develop a nickel processing facility in Indonesia with Artha Bumi Mining group by 2024"},"content":{"rendered":"

\n<\/p>\n

\n

JAKARTA,
\nINDONESIA\u00a0–\u00a0Media
\nOutReach<\/a>\u00a0– 19 January 2022 –\u00a0Transasia Minerals Ltd<\/a>, an international
\nmining company headquartered in Jakarta, Indonesia, today announced its plans
\nto proceed with developing a nickel processing facility in Morowali, Central
\nSulawesi, Indonesia. <\/p>\n

\u00a0<\/p>\n

The nickel processing facility in
\nMorowali is slated to complete construction by 2024, following the ruling by
\nthe Indonesian Supreme Court No 122\/PK\/TUN\/2021 on 10 November 2021 to reinstate
\nthe nickel ore mining licenses (IUPs) of Artha Bumi Mining Group. The project
\ninvestment is estimated at USD 2 billion, and the facility will focus on the
\nproduction of ferronickel and EV battery grade nickel sulphate, a raw material
\nused to produce EV batteries. With Indonesia moving towards boosting economic
\ngrowth and looking to attract foreign direct investment, the nation’s abundant
\nnickel reserves provide a platform to scale up the value-chain and become a hub
\nfor end-to-end battery making. <\/p>\n

\u00a0<\/p>\n

Research from Fitch Solutions<\/a> shows tremendous growth opportunities
\nfor nickel production globally, with estimated growth rates of 4 per cent
\nyear-on-year from 2021 to 2030. Indonesia is expected to lead this growth, with
\nthe production of 1.13 million tonnes of nickel by 2025, and growing to 1.29
\nmillion tonnes by 2030, with major production sites in Sulawesi and Maluku. A
\nnatural metallic element, nickel sulphate is predominately used to manufacture
\nitems like stainless steel or EV batteries. Demand for nickel has surged in
\nrecent years, thanks to the increased need for electric-vehicle batteries. <\/p>\n

\u00a0<\/p>\n

Maman Khairussalam, spokesman of Artha Bumi Mining Group<\/b> says of the
\nannouncement, “We are pleased to proceed with the construction of the facility based
\non feedstock of our reinstated nickel ore deposits and look forward to having
\nthe support of TransAsia Minerals. The benefits of the nickel processing
\nfacility will not only increase job opportunities in Morowali, but also further
\nestablish Indonesia as a hub for nickel sulphate export, ultimately giving a
\nboost to the Indonesian economy.”\u00a0 <\/p>\n

\u00a0<\/p>\n

“We
\nare excited to work alongside Artha Bumi Mining Group and contribute to the
\nIndonesian economy and local community,” said Pavel Erokhin<\/b>, CFO of Transasia Minerals Ltd. <\/b>“The project MOU was first executed in
\n2016 in Sochi, Russia, during a meeting of Indonesian President Joko Widodo and
\nRussian President V. Putin on the sidelines of the ASEAN-RUSSIA Summit, and we
\nare glad to be able to move this project forward. The investment into the
\nproject is a testimony of our commitment to put the nickel industry onto a
\nglobal platform and establish the Indonesian nation as a hub for nickel
\nsulphate export.”<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

JAKARTA, INDONESIA\u00a0–\u00a0Media OutReach\u00a0– 19 January 2022 –\u00a0Transasia Minerals Ltd, an international mining company headquartered in Jakarta, Indonesia, today announced its plans to proceed with developing a nickel processing facility in Morowali, Central Sulawesi, Indonesia. \u00a0 The nickel processing facility in Morowali is slated to complete construction by 2024, following the ruling by the Indonesian Supreme …<\/p>\n","protected":false},"author":1,"featured_media":20015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20014"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20014"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20015"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}