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Eramet keen to work with Danantara on downstream investment: Minister
The firm, which already operates one of Indonesia’s largest nickel mining sites as a minority shareholder in PT Weda Bay Nickel, also conveyed its intention to invest in the country’s critical minerals sector.
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Billowing: Smoke pours out of chimneys on July 7, 2024, at nickel smelting plants at the Indonesia Weda Bay Industrial Park (IWIP) in Lelilef village, Central Halmahera regency, North Maluku. (AFP/Azzam Risqullah)
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rench mining giant Eramet has expressed interest in working with Indonesia’s new sovereign wealth fund Danantara to explore investment opportunities in the downstream mineral industry.
The government has set Danantara to focus on wide-ranging strategic sectors, from the downstream nickel, bauxite and copper industries to artificial intelligence data centers, oil refineries, petrochemicals, food production, aquaculture and renewable energy.
The firm, which already operates one of Indonesia’s largest nickel mining sites as a minority shareholder in PT Weda Bay Nickel, also conveyed its intention to invest in the country’s critical minerals sector.
“Indonesia and Eramet’s partnership has a great potential to drive innovation, strengthen the nickel and electric vehicle battery industries and provide long-term benefits for both parties,” Coordinating Economic Minister Airlangga Hartarto said during his meeting with Eramet CEO Christel Bories in Paris, France, as quoted in an official statement issued on March 4.
The meeting discussed a follow-up to Eramet’s plan to invest in “green” manufacturing facilities to produce electric vehicle (EV) batteries in Weda Bay, Central Halmahera, North Maluku.
Read also: Executive Column: Eramet seeks bigger stake in Indonesia's nickel industry
The government welcomed this proposal, seeing the plan as a step forward in accelerating the nation’s energy transition.
