image WEDA BAY FRAMEWORK AGREEMENT SIGNED

WEDA BAY FRAMEWORK AGREEMENT SIGNED

June - A world-class Indonesian nickel deposit in terms of both size (estimated reserves 9.3 MT) and ore quality, Weda Bay, acquired by ERAMET in 2006, has great growth potential. To develop the site, ERAMET entered into a framework agreement with the Chinese group Tsingshan, the world’s leading stainless steel producer in June 2017. The aim is to make highly competitive nickel ferroalloy, with the first sales planned for 2020. ERAMET will hold a 43% share and Tsingshan 57%.