Shanghai Pan Pacific to Invest to Build First Pacific Nickel Industrial Park in Indonesia

BEIJING (SMM): Shanghai Pan Pacific Group will lead to invest $2 billion to build First Pacific Nickel Industrial Park in Indonesia, eastday.com reported. 

The industrial park will be jointly invested by China Triumph International Engineering Co., Jizhong Energy Group Co., Henan Coal Construction Group, Tianjin Marine Shipping Group Co., Henan Huakang Group, and Jiangsu Ex-Channel Group. 

Shanghai Pan Pacific Group is a private company engaged in overseas resources development, and has a branch company, First Pacific Mining Co., in Indonesia. 

The Branch started the construction of 1st phase of ferronickel project in September 2014, and is expected to put it into operation in September 2015. 

The Branch, the only one mining company 100% controlled by non-resident, specializes in nickel ore and mining, ferronickel smelting, and stainless steel processing.

Courtesy: www.metal.com