PURE - PT. Trinitan Metals and Minerals Tbk

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JAKARTA - PT Trinitan Metals and Minerals Tbk (PURE) estimates an investment value of US $ 100 million to build a nickel smelter project in the Special Economic Zone (KEK) Palu, Central Sulawesi. This was conveyed by Parluhutan, Director of PURE, in a report to IDX on Monday (23/11).

According to him, the source of funding for the smelter project came from potential investors. However, there was no information about the names of investors.

He also said the construction of the project would begin in 2021 and operate in 2023 to produce nickel and cobalt. The project development plan was carried out on September 16, 2020, together with the Regional Owned Enterprise (BUMD) PT Bangun Palu Central Sulawesi. (LK/VA)