Trimegah Bangun Persada

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Harita Nickel's (NCKL) High Pressure Acid Leach (HPAL) smelter to be operational by mid-2024.

21 November 2023, JAKARTA - Nickel issuer PT Trimegah Bangun Persada Tbk (NCKL) is targeting to operate a High Pressure Acid Leach (HPAL) based refining facility with a capacity of 65,000 tons per year by mid-2024.

Harita Nickel's Chief Executive Officer, Roy Arman Arfandy, announced that NCKL is currently preparing for the construction of its second HPAL refining facility. This facility is expected to be operational by the middle of next year.

"The production capacity of this High Pressure Acid Leach Mixed Hydroxide Precipitate (MHP) is 65,000 tons of nickel metal per year," Roy told Bisnis on Tuesday (21/11/2023). The construction of this HPAL will be carried out through a subsidiary, namely PT Obi Nickel Cobalt (ONC). The plant is expected to have three production lines with a production capacity of 65,000 tons of nickel content in mixed hydroxide precipitate (MHP) per year.

NCKL has expansion plans to increase production capacity to 120,000 tons of metal per year for ferronickel and MHP by the end of 2024. In addition, ferronickel capacity is expected to increase with the planned construction of the third Rotary Kiln Electric Furnace (RKEF) technology smelter, which is expected to be commissioned in 2025.

The construction of RKEF will be carried out by the affiliate PT Karunia Permai Sentosa (KPS), which is expected to have 12 production lines with a production capacity of 185,000 tons of ferronickel nickel per year.

Roy emphasizes NCKL's commitment to continue with previously planned projects.

"We will operate efficiently to ensure that all projects run smoothly and on schedule," he said.

Currently, Harita Nickel has a mining license (IUP) covering approximately 9,000 hectares, consisting of four mining concessions. Two mines are already in operation while the other two will be activated to support the supply of nickel ore feedstock in the future.

Roy also affirms NCKL's intention to continually increase the age of the mines and nickel ore reserves by acquiring new mining concessions and partnering with local mining companies. Through these projects, NCKL hopes to strengthen its position in the nickel industry and support the growth of the domestic mining sector.

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