#Indonesia says #Nickel miner #Vale to build another $2 bln HPAL plant

Posted on March 18, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Nickel miner PT Vale Indonesia (INCO.JK), opens new tab is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island, with an estimated cost of 30 trillion rupiah ($1.91 billion), its investment ministry said on Monday.

The plant, named “SOA HPAL”, will be the company’s third such project to turn nickel ore into mixed hydroxide precipitate (MHP) – a material used to make electric vehicle batteries, according to presentation material shown by Indonesia’s Investment Minister Bahlil Lahadalia.