Vale Indonesia signs deal with Shandong Xinhai, Baowu for $2 bln nickel project

11 September 2022

Vale Indonesia signs deal with Shandong Xinhai, Baowu for $2 bln nickel project

JAKARTA - Nickel miner PT Vale Indonesia on Tuesday signed an investment deal with China's Shandong Xinhai Technology Co. Ltd and China Baowu Steel Group Corp. Ltd to develop Vale's project on Sulawesi island.

Vale Indonesia's chief executive Ferbiany Eddy at the deal signing ceremony said the project would cost around $2.1 billion and is due to be completed in 2025.

Related

Saudi Arabia opens qualification for battery storage projects

28 April 2026
Masdar and EPCG to form joint venture to develop renewable energy projects in Montenegro

27 April 2026
Chinese company approves $68.5m biotech project in Egypt

25 April 2026
ANDRITZ wins major hydropower upgrade contract in New Zealand

22 April 2026
Romania's Bihor county signs EU funding deal for 281 mln euro tram-train project

22 April 2026
SANY Group to build giant hybrid power complex in Romania with data center

21 April 2026

You might also like...