The aim of the Company’s long term strategy is to enter into the processing and refining of nickel ore to create products with added value, such as Ferro Nickel (FeNI). This is in line with the mandate in the Law No. 4 on Minerals and Coal issued by the Government in 2009.
To realize the plan, the company through its subsidiaries, PT COR Industri Indonesia, has built a nickel refining facilities (smelter) located in North Morowali Regency, Central Sulawesi. In completing the construction of this project, the company has cooperated with Macrolink group, from china, as a strategic partner.
The smelter will employ the blast furnace technology and stated to produce 300,000 tons of FeNi per year, with a minimum nickel content of 8%. The construction of the plant is planned to be completed in three stages. The first stage is expected to finish and commence production by 2017, with its initial production capacity of 100,000 tons of FeNi per year.
Nickel Ore which will be processed is comes from IUP area PT Mulia Pacific Resources and PT Itamatra Nusantara in North Morowali with nickel grade of ± 1.80%.
Until now, Indonesia does not have a Stainless Steel Industry that consumed more than 65% of world nickel supply, therefore all PT CORII FeNi product will be exported.