09
Sep
09:32
Vale, TISCO, Xinhai to start nickel joint venture
The nickel joint venture between PT Vale Indonesia Tbk (INCO), Taiyuan Iron & Steel Group (Tisco) and Shandong Xinhai Technology is due to start construction next year, Kallanish notes.
The three companies are reported to have signed an agreement in June to establish the Bahodopi project. The consortium of two Chinese companies will hold a 51% stake in the new JV, with the remaining 49% to be held by Vale subsidiary INCO, according to the agreement signed…
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