Vale Indonesia (INCO) Signs US$ 2 Billion Nickel Project Deal With Shandong and Baowu

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Nickel miner PT Vale Indonesia Tbk (INCO) on Tuesday signed an investment deal with China's Shandong Xinhai Technology Co. Ltd and a unit of China Baowu Steel Group Corp. Ltd to develop a processing plant on Sulawesi island.

Vale Indonesia's chief executive Febriany Eddy said the project, which is located in Bahodopi, in the Morowali district, would cost around US$ 2,1 billion.