28
Sep
13:56
Weiming Environment to raise fund for Indonesian high nickel matte project
Shanghai-listed Zhejiang Weiming Environment Protection (Weiming Environment) announced it plans to raise at least CNY 2.35 billion ($324.82 million) through the public offering of A-share convertible corporate bonds. Part of the proceeds will be invested in an Indonesia-based 40,000 nickel metal tonnes/year high nickel matte project.
According to the announcement on 28 September, the nickel matte project will require total investments of CNY 2.47 billi…
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