Posted on 17 Jul 2020
PT Huadi Nickel-Alloy Indonesia (Huadi Nickel) plans to build six ferronickel smelters by the end of 2021, the firm’s president commissioner, Amir Jao, said at a meeting this week, Kallanish notes.
Huadi Nickel successfully established a two-furnace smelting operation in 2018, and plans to invest another IDR 6.5 trillion ($446.7 million) to add six furnaces within two years. Among them, four furnaces are under construction and will be commissioned this year, and two more will be completed next year. Combined output of the eight furnaces will be 200,000 tonnes/year of nickel pig iron.
Jao met with South Sulawesi Province governor Nurdin Abdullah and energy and mining resources minister Arifin Tasrif. “The government guarantees entrepreneurs more than promises,” Abdulah said at the meeting. “Today, I take the investor to the minister, and he promises to provide support.”
Huadi Nickel is a joint venture between China’s Shanghai Huadi Industrial Co. and local firm PT Duta Nickel Sulawesi. The plant is located in Bantaeng, South Sulawesi, and could produce nickel iron with a grade of about 11%. Meanwhile, the company owns a nickel ore mine with an area of 200 square kilometres.