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Indonesia Antam, China's CNGR agree to develop nickel industrial park

Reuters · 11/16/2022 04:55
Indonesia Antam, China's CNGR agree to develop industrial park

- Indonesia's state miner PT Aneka Tambang Tbk ANTM.JK and Chinese precursor manufacturer CNGR Advanced Material Co.,Ltd. 300919.SZ signed a framework agreement to build a industrial park in Indonesia, the companies said on Wednesday.

CNGR will invest in a facility to produce matte with installed capacity of 80,000 tonnes in a park managed by Antam's unit PT Kawasan Industri Antam Timur, which is expected to start operations in 2025.


(Reporting by Stefanno Sulaiman and Bernadette Christina; Editing by Martin Petty)

((Stefanno.Sulaiman@thomsonreuters.com;))