MIND ID Will Intensively Build Limonite Processing

BUMN Holding Mining Industry MIND ID or Mining Industry Indonesia plans to invest more intensively in the construction of a processing and refining plant or low grade nickel ore or limonite smelter, and stop the Rotary Kiln-Electric Furnace (RKEF) pyrometallurgical plant this year. MIND ID’s SVP Corporate Secretary Heri Yusuf said that the subholding of MIND ID’s nickel mine, PT Aneka Tambang Tbk.

(ANTM) recently plans to build a smelter with mixed hydroxide precipitate (MHP) as a raw material for future electric vehicle batteries. The smelter is also expected to be able to absorb limonite which is currently not optimally developed in the midstream side of the domestic electric vehicle ecosystem.

“PT Antam Tbk is planning to build a smelter to produce MHP products which will later be used as raw material for electric vehicle batteries.

positively appraising the government’s move to adopt the current RKEF pyrometallurgical plant moratorium policy. This maneuver becomes important after Indonesia’s nickel ore reserves are projected to only last around 10 years. “Meanwhile, low grade nickel ore is currently still not optimally cultivated. Even though the opportunity for processing low grade nickel ore is wide open

The Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) is currently drafting a policy to stop or moratorium on new investments in the construction of a Rotary Kiln-Electric Furnace (RKEF) pyrometallurgical plant which is a downstream line for processing high grade nickel ore or saprolite to then produce stainless steel.

The moratorium policy will also be followed by adjustments to the corrective factor (CF) for the mineral benchmark price (HPM) of high grade nickel ore.The hope is that there will be a shift in the consumption of raw materials for nickel processing plants to limonite. Special Staff to the Minister of Energy and Mineral Resources Irwandy Arif said the maneuver was taken to increase new investment in hydrometallurgical plants that further process low grade nickel ore into electric vehicle batteries and solar panels.

The Coordinating Minister for Luhut has spoken with the Minister of Energy and Mineral Resources and the Minister of Industry so that the direction for stainless steel that consumes high levels of nickel should be limited.