Nickel Miner Vale Indonesia (INCO) Signs HPAL Deal With China's Huayou
KONTAN.CO.ID - JAKARTA. Nickel miner PT Vale Indonesia Tbk (INCO) on Tuesday signed an agreement with China's Zhejiang Huayou Cobalt to build a second high-pressure acid leach (HPAL) plant to produce nickel material used in batteries to power electric vehicles.
Under the heads of agreement, Vale and Huayou plan to build an US$ 1,8 billion HPAL plant in Sorowako, South Sulawesi, to produce 60.000 tonnes of nickel in mixed hydroxide precipitate (MHP). Chief executive Febriany Eddy told reporters.
