CENTRAL HALMAHERA (Yosefardi) – PT Teka Mining Resources (TMR), a join venture company of between PT Tekindo Mining Lestari (TML) and Fujian Wugang Group from China, starts the construction of ferronickel smelter in Weda, Central Halmahera regency, North Maluku province, Bisnis Indonesia reported this morning.
The smelter will produce end product, nickel pig iron with calorie of Ni 8%-10% and will have production capacity of 900,000 tons per year.
The project will cost US$1.2 billion, equivalent Rp15.6 trillion. The first stage construction is targeted to complete by mid of 2016, then the smelter would start to producing. The second and third phase of construction is expected to finish by 2020.