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UPDATE 1-China's Lygend starts milestone nickel project in Indonesia

Company to send products to China soon
Project start-up likely to pressure nickel price (Adds quotes, detail)
BEIJING/HANOI, May 19 (Reuters) - China’s Lygend Mining said on Wednesday its nickel and cobalt smelting project in Indonesia had made its first batch of mixed hydroxide precipitate (MHP), becoming the first high-pressure acid leach (HPAL) project in the country to reach production.
The $1.05-billion project on Obi island in the province of North Maluku is among several cobalt-nickel HPAL plants in nickel miner Indonesia that are under the spotlight as a source of supply for the burgeoning electric-vehicle battery sector.
“Our first batch of nickel and cobalt hydroxide products will be shipped to China soon, and gradually enter the global market,” said Lygend’s president Jiang Xinfang. ....

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China's Jintongling Soars After Unit Gets Contract to Build Power Plants for Indonesia's Harita

China’s Jintongling Soars After Unit Gets Contract to Build Power Plants for Indonesia’s Harita
Tang Shihua
DATE: 3 hours ago/ SOURCE: Yicai
China’s Jintongling Soars After Unit Gets Contract to Build Power Plants for Indonesia’s Harita
(Yicai Global) April 8 Shares in Jintongling Technology Group surged as much as 9.4 percent today after the Chinese fluid machinery supplier announced that a unit has won a CNY1.7 billion (USD260 million) contract to build two thermal power plants for Indonesian mining-to-shipping conglomerate Harita Group.
Nantong, eastern Jiangsu province-based Jintongling’s share price [SHE:300091] advanced 5.71 percent today to close at CNY4.26 (USD0.65). Earlier in the day it hit CNY4.41. ....

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Indonesia gambles on bauxite mining | China Dialogue

Indonesia gambles on bauxite mining | China Dialogue
chinadialogue.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadialogue.net Daily Mail and Mail on Sunday newspapers.

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