The construction of the first integrated industrial zones in the world for mineral resources Weda Bay Industrial Park begins marked by the laying of the first stone by the Coordinating Minister for Maritime Affairs Luhut Panjaitan on Thursday (Aug 30).
Based on the PT Indonesia Weda Bay Industri Park’ statement, the construction of the industrial zones in Halmahera, Maluku, need investment around US$10 billion. The joint venture company own by Chinese investors namely Tsingshan Holding Group, Huayou Cobalt Co., and Zhenshi Holding Group.
Tsingshan joined with France’ Eramet SA and local miner PT Aneka Tambang Tbk (ANTM) has planned to develop nickel smelter in the Weda Bay Industrial Park. Its unit PT Weda Bay Nickel will begin realizing the construction of a cobalt and nickel smelter and processing plant in this year. The construction of this smelter will be carried out in two stages.