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[ferro-alloys.com]Recently, Huayou Cobalt published an anounce. Huaqing, wholly-owned subsidiary of Huayou cobalt, has signed “Joint venture agreement of Indonesian Morowali wet smelting of laterite nickel ore project” with Tsing Creation International, Woyuan Holding, IMIP, LONGSINCERE. The company will establish a joint venture comany with other joint venture parners- Huayue. The total investment is 1.28 billion USD( 8.8832 billion RMB). The authorized capital is 50 million USD(347 million RMB). Huaqing will invest 29 million USD, and its shareholding ratio will be 58%

According to the agreement, the investors will construct wet smelting of laterite nickel ore project in Morowali Industrial Park. The production scale will reach 60000 tons nickel per year. 

• [Editor:王可]