Baosteel to develop lateritic nickel deposits in Indonesia with Modern Group

Monday, 21 February 2011 14:03:03 (GMT+3)   |  
       

Major Chinese steelmaker Baosteel Group has announced that its Indonesia-based subsidiary Baosteel Indonesia Resources Inc. has signed an agreement with Indonesia-based Modern Group to jointly develop lateritic nickel deposits in the southeast of Sulawesi Island, Indonesia.
 
Since 2006, Baosteel has been researching the possibilities of developing lateritic nickel deposits in Indonesia. In April 2007, an initial framework agreement was inked between the two sides for the exploration of such deposits.

Similar articles

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Global DRI output up 7.6 percent in February

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

MOC: Average steel prices in China down slightly during Mar 18-24

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials