JAKARTA (Yosefardi) – PT Multi Baja Industri (MBI) invests US$251 million for building smelter, processing nickel ore, in Tuban, East Java, targeted to operate by 2016, Bisnis Indonesia reported this morning.
The company, member of Multi Alam Sejahtera, also plans to build plant producing stainless steel after the construction of nickel smelter.
The smelter will have power capacity of 2×22 megavolt ampere (MVA) with nickel ore production of 1.2 million tons per year.
The smelter will then produce 110,000 tons of ferronickel per year with contained FE of 11% and 400,000 tons of slag of steel. The ferronickel will be exported to China (60%), Japan (10%), India (10%), Taiwan (10%), and Europe (10%).