Shandong Xinhai Technology joint venture with Aneka Tambang

1/7/2019
Joint venture

$ 1.2 billion

Announced

1/7/2019


Overview:

  • Producer and seller of ferronickel alloys Shandong Xinhai Technology is collaborating with mining & metals company Aneka Tambang to build a nickel smelter in Gag Island, West Papua, Indonesia,
  • The project is worth $1.2 billion and is projected to produce 400,000 tons of ferronickel annually.

Shah Shameer Ahmed - Researcher

Jurisdiction:

Indonesia

Deal type:

Joint venture

Practice area:

M&A

Industry sector:

Industrials and manufacturing


Firm:

Party: Shandong Xinhai Technology (Joint venture partner)