Tag: Posco

Nickel-to-Stainless Steel in Indonesia (2)

To be fair, mineral processing might be the most significant in attracting new investments in the past five years or so. In Morowali, Central Sulawesi province alone, over US$3 billion worth of projects have been developed. We have reported individual projects in nickel, bauxite, iron ore, and manganese in the past few years. Hopes are high that China’s NFC will also soon develop lead/zinc smelter after taking over majority shares of PT Dairi Prima Mineral from Bakrie Group. 

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Waiting Krakatau Steel to Report Profit (2)

Four years ago, December 2013, then President Susilo Bambang Yudhoyono inaugurated commercial operation of steel mill Phase I of PT Krakatau Posco, a joint venture between KRAS and South Korean giant Posco. Expectations were high that the JV will contribute significantly to KRAS. The success was expected to follow with construction of Phase II to make a total investment of US$5-6 billion.

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