Weda Bay Nickel plans US$4.5bl investment in Central Halmahera
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BUSINESS
by Akhmad Shirojuzzaman
Mining firm PT Weda Bay Nikel (WBN) said Sunday it had allotted US$4.5 billion for nickel mining and development of a processing factory in Ternate, Central Halmahera regency.
WBN spokesman Olivier Beligon said initial investments began in 2006 for mining exploration.
Beligon said the company would start constructing a nickel processing factory in 2012 with a total capacity of 65,000 tons.
“The factory will absorb 4,000 workers,” he said, as quoted by kompas.com.
French mining firm Eramet controls 90 percent of WBN shares.
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