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

You might also like...

China’s Xincheng Jiao to invest $11.6bln in Saudi vehicle plant

6 November 2025
Blackstone firm launches $3bn Saudi data centre venture

4 November 2025
Yellow Door Energy signs PPA for Bahrain solar project

4 November 2025
Shanghai Electric selected as EPC contractor for Romania’s largest solar park with batteries

1 November 2025
ACWA Power unveils USD10 billion in new clean-energy and financing agreements at (FII9)

31 October 2025
Singapore, China to supply solar-plus-storage power from Indonesia

30 October 2025