Browsing Tag
Morowali
2 posts
Nickel Industries (ASX: NIC) secures US$245m financing as drought slows ENC battery nickel ramp-up
Nickel Industries has secured project financing for its Excelsior Nickel Cobalt operation after record ore sales lifted mining earnings, but severe water shortages, delayed operating permits and weaker smelting margins continue to affect the conversion of new production capacity into cash flow.
Freenow Food opens Rp776bn Morowali coconut plant with 184,000-ton first phase
PT Freenow Food Industry has begun operating a Rp776 billion integrated coconut-processing complex in Morowali, Indonesia, with first-phase capacity of about 184,000 tonnes annually and longer-term plans requiring as many as 500 million coconuts a year across a three-stage expansion.