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PT Vale Indonesia lowers nickel in matte output target in 2019-2019 China(Guangzhou)Int’l Metal & Metallurgy&n
bsp;Exhibition-metal exhibition
4/8/2019 金屬展-冶金展-鋼鐵展-steel expo-metal &metallurgy expo- |
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Nickel miner PT Vale Indonesia said that it is targeting to produce around 74,000 tonnes of nickel in matte in 2019, slightly lower than last year’s production. Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April to conduct maintenance at furnaces and the power plant at its smelter in Sorowako
Meanwhile, the company is doubling its cash spending to USD 165 million this year to help finance construction of two different smelters in Sulawesi. Deputy CEO Febriany Eddy said “Vale is aiming to pick a partner from two Chinese investor candidates for its ferronickel plant in Bahodopi, Central Sulawesi, within the second quarter. Vale expects to be the majority shareholder at the plant.”
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