The Indonesian Mining Industry Holding BUMN (MIND ID) recorded a positive performance in the S1 2024 supported by mining commodity production and an increase in commodity prices in the global market.
Madagascar’s Ambatovy nickel project companies filed a debt restructuring plan with an court in London on Wednesday, a spokesperson at the project’s major shareholder Sumitomo Corp said.
Nornickel reported a first-half profit on Friday that fell 22%, hurt by weak nickel prices, while the Russian miner also grappled with logistical difficulties and issues related to cross-border payments.
Jindal Stainless, India’s largest stainless steel manufacturer, has announced the commissioning of its Nickel Pig Iron smelter facility located in an industrial park in Halmahera Islands, Indonesia, eight months ahead of the scheduled timeline.