29
Jun
12:10
INCO develops Bahodopi nickel project with TISCO, Xinhai
PT Vale Indonesia Tbk (INCO) on 24 June signed a cooperation framework agreement in Shanghai with two Chinese companies, Taiyuan Iron & Steel Group (Tisco) and Shandong Xinhai Technology, for establishing a joint venture (JV) to construct and operate the Bahodopi nickel project.
Kallanish learns that the consortium of two Chinese companies will hold a 51% stake in the new JV, with the remaining 49% to be held by INCO, according to the agreement signed by Febri…
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