Dec 02, 2021 06:29 PM (GMT+8) · EqualOcean
AP, Dec. 2, shengtun mining announced that its wholly-owned subsidiary plans to establish Shengmai nickel industry in Indonesia with extension. The initial authorized registered capital of Shengmai nickel industry is US $1 million. Hongsheng international holds 70% equity of Shengmai nickel and extension holds 30% equity of Shengmai nickel. Shengmai nickel plans to invest in a high nickel matte project with an annual output of 40000 tons of nickel metal in widabe Industrial Park (IWIP) in Indonesia, with a total investment of 350 million US dollars.