INDONESIA: CONSTRUCTION START-UP ON PLANNED $163,000,000 NICKEL REFINERY AND ASSOCIATED $50,000,000 POWER PLANT IS TENTATIVELY SCHEDULED TO BEGIN IN JUNE 2001, TESSAG AG [GERMANY] & NATION ENERGY INC. [CANADA] - Order #: 014001.

WWP-Business Opportunities in Asia & the Pacific, January, 2001

PROJECT OVERVIEW:

The state-owned PT ANEKA TAMBANG, the second-largest Indonesian mining company, currently operates a nickel refinery with an installed production capacity of 11,000 tons per year (t/y). And, the company recently award a construction contract for a new nickel refinery to Germany-based TESSAG AG. The deal was finally concluded after the German company agreed to finance the project.

Construction plans call for building a 13,000 t/y facility. The planned complex, to be sited in the southeastern region of Sulawesi one of Indonesia's eastern islands, is expected to cost $163,000,000 to build. However, this does not include about $50,000,000 in insurance and financial charges for a 60 Mw power plant that will be installed by a joint...

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