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The shift in focus in the Belt and Road Initiative (BRI) will change how China does its business in Indonesia – that might mean less money for the latter’s ambitious infrastructure projects.
Billionaire-backed Harita Nickel and Merdeka Battery Materials, which went public this year, are key to Indonesia’s EV ambitions.
MDKA is undertaking corporate actions via subsidiary MBMA which is expected to be one of the key players in EV battery industry.
Gold production from the Tujuh Bukit mine in Banyuwangi stood at 38,447 ounces.