ERAMET group: Agreement finalised with the Tsingshan group to develop the Weda Bay Nickel deposit in Indonesia
(Thomson Reuters ONE) -
Paris, 8 June 2017, 8:30am
PRESS RELEASE
Agreement finalised with the Tsingshan group to develop the Weda Bay Nickel
deposit in Indonesia
ERAMET has announced an agreement finalised with the Chinese Steel Group
Tsingshan, a leading stainless steel world producer, to develop the Weda Bay
nickel deposit in Indonesia.
Acquired by ERAMET in 2006, Weda Bay is a nickel deposit with measured,
indicated, and inferred resources valued at more than 9.3 million tons of
nickel.
ERAMET contributes to the partnership with this nickel deposit situated on
Halmahera Island where geological exploration studies have been performed over
several years. Tsingshan will expand its industrial set up in Indonesia,
refining nickel ore through pyrometallurgical processes. Each partner will
market its share of the production. Nickel ferroalloys sales are expected to
start in 2020, for a nameplate capacity of 30,000 tons of nickel.
This partnership will be reflected by the entry of Tsingshan group into Strand
Minerals Pte Ltd.[1] ERAMET will hold 43% of the shares and Tsingshan group 57%.
ERAMET & Tsingshan will hence bring together their experience and technical
skills in the industrial and mining fields, with strong environmental and social
commitments, in order to develop a highly competitive asset in the nickel
industry.
- ooOoo -
--------------------------------------------------------------------------------
ABOUT ERAMET
ERAMET is one of the leading global producers of:
* alloying metals, particularly manganese and nickel, used to improve the
properties of steel,
* as well as high-performance special steels and alloys used in industries
such as aerospace, power generation and tooling.
ERAMET is also developing activities with high growth potential, such as mineral
sands (titanium dioxide and zirconium), lithium and recycling. The Group employs
nearly 13,000 people in around 20 countries.
CONTACT
Vice President Strategy and Financial Communication
Philippe Gundermann - Tel: +33 (0)1 45 38 42 78
Strategy and Financial Communications Analysts
Ludovic Donati - Tel: +33 (0)1 45 38 42 88
Arthur Perroton - Tel: +33 (0)1 45 38 37 32
For more information: www.eramet.com
Follow us with the ERAMET Finance mobile app:
IOS: https://itunes.apple.com/fr/app/eramet-finance/id1115212055?mt=8
Android: https://play.google.com/store/apps/details?id=com.eramet.finance
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
[1] Strand Minerals Pte Ltd owns 90% of the Indonesian project and exploration
company PT Weda Bay Nickel, alongside the Indonesian company PT Aneka Tambang.
This partnership will bring ERAMET's stake in Strand Pte Ltd down from 100 % to
43 %.
Agreement finalised with the Tsingshan group :
http://hugin.info/143395/R/2111440/802793.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Groupe Eramet via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2017 - 08:31 Uhr
Sprache: Deutsch
News-ID 546921
Anzahl Zeichen: 4085
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 243 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ERAMET group: Agreement finalised with the Tsingshan group to develop the Weda Bay Nickel deposit in Indonesia"
steht unter der journalistisch-redaktionellen Verantwortung von
Groupe Eramet (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
