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Nickel Smelter: The projects are part of Antam's deal with CBL to develop an "ecosystem" to produce materials used in batteries for electric vehicles (EV), and part of Indonesia's bigger ambition to set up itself as a production hub for EVs.
AG&P LNG will hold the largest stake in the consortium, at 35%. PLN EPI, a unit of Indonesian state utility Perusahaan Listrik Negara (PLN), will hold a 30% stake.
Indonesian state-owned mining company Aneka Tambang (known as Antam) plans to commence the construction of two nickel processing facilities next year. The project will produce materials for electric vehicle batteries, aligning with Indonesia's ambitious plan to establish itself as a hub for electric vehicle production.
The tender entails the co-development, ownership, and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. [Image: AG&P]
Prawira and Pelita Jaya took a different approach in responding to the five foreign players rule in the Champions League.