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Vale, one of the world’s top producers of iron ore and nickel, has been active in Indonesia since 1968 through PTVI, which mines nickel ore and makes intermediate product nickel matte.
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Huayou in May took a 20% stake in a larger HPAL project in Indonesia, without saying when that plant would launch, while another Indonesian HPAL scheme, led by GEM Co is targeting start-up in 2022.
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Thus, having realized and accepted the importance of steel in the Technological Advancement of the Nation, the FGN by Decree No. 19 of April 1971, established the Nigeria Steel Development Authority (NSDA) to plan, operate and maintain Iron Ore Steel plants in the country as well as to carry out steel raw material surveys, suitability tests and mining operations.
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In the past, they invested in iron-ore mining, but now they are aggressively investing in nickel.” Yose Rizal Damuri, of the Center for Strategic and International Studies, said China began investing in nickel-processing smelters in Indonesia after a 2009 mining law banned the export of raw nickel ore and bauxite from 2014 onwards.
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