Eramet SA to invest $6 billion in the development of the Nickel industry in Indonesia

Management of the multinational Eramet, the headquarters of which is located in Paris (France), has announced its own plans for investment in the development of new Nickel deposits. The company founders will invest $6 billion in the construction of the complex of mining and processing Nickel enterprises in one of the land masses of the Malay archipelago belonging to Indonesia, the island of Halmahera. This decision guide Eramet came after talks with the President of the Republic of Indonesia, which since 2004 takes Susilo Bambang Yudhoyono. According to chief Executive of French mining and metallurgical company, Patrick buffet, company investments will go to the construction of several mining resources centers, the construction of the plant for leaching the Nickel ore, the running multiple processing of raw materials enterprises, as well as for the construction of infrastructure, ensuring the normal operation of the complex. The company «Eramet SA» owns a solid package of assets Nickel mining and smelting enterprises in New Caledonia and is one of the largest operators of the Nickel market in Europe. In the nearest plans of a management of the company to achieve a production volume of Nickel in excess of 65 thousand tons per year.