FLASH: Eramet moves to sell minority stake in Indonesia's Weda Bay Nickel to cut debt and receives investor interest

On November 10, 2026, French mining group Eramet announced it is progressing with the sale of a significant portion of its minority stake in PT Weda Bay Nickel (WBN) in Indonesia, as part of group deleveraging efforts. Eramet confirmed it has received interest from several investors for a "significant portion" of its 38.7% holding in WBN, but did not disclose the identity of potential buyers or the exact size of the stake to be sold. WBN's ownership structure comprises Tsingshan Holding Group at 51.3%, Eramet at 38.7%, and Indonesia's Antam at 10%. The WBN mining concession covers 45,065 hectares, with a 2025 nickel ore production target of 42 million tonnes. Indonesia's sovereign wealth fund Danantara has previously expressed openness to acquiring Eramet's stake and held preliminary discussions with the French group.