trending Market Intelligence /marketintelligence/en/news-insights/trending/wsqQM3bW4f3t6MXooMt8EA2 content esgSubNav
In This List

Eramet's Weda Bay nickel project to start ahead of schedule as soon as H1'20

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Eramet's Weda Bay nickel project to start ahead of schedule as soon as H1'20

ERAMET S.A. said Oct. 23 that its Weda Bay nickel project in Indonesia will start operating ahead of schedule as soon as the first half of 2020.

Eramet previously said in September that the project was ahead of schedule, but it did not provide a timeline. The company said that production would start in the second half of 2020, and reach full capacity in 2021, according to Reuters.

The company is targeting to produce 30,000 tonnes per annum of nickel content at Weda Bay, of which 13,000 tonnes is off-take.

Eramet booked third-quarter sales of €895 million, down 6% year over year, while posting new quarterly production records for manganese ore of 1.34 million tonnes, up 11%, and nickel ore of 1.33 million tonnes, up 10%, from the same quarter last year.