Chinese listed company Zhejiang Huayou Cobalt Industry Co., Ltd. announced on December 4 that it plans to sign cooperation agreements through its wholly-owned subsidiary Huaqi (Singapore) Pte Ltd with PT Vale Indonesia Tbk, Ford Motor Company, and PT Kolaka Nickel Indonesia, as well as KNI Company to jointly develop KNI Company's NHP project with an annual production of 120000 tonnes (metal content) in Indonesia. According to the feasibility study report, the total investment of the project is approximately $3,842 million.
Written by Aggie Hu, huchenying@mysteel.com
