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Print[Ferro-Alloys.com]On Oct. 3rd, Chairman Xiang Guangda of Tsingshan Group witnessed the investment cooperation between China and Indonesia on the fields of FeNi, coal, Paper pulp and transportation. They had signed the FeNi cooperation project with SMI Group, the newest major player in Indonesia’s nickel mining industry.
This project would bring 300thousand tonsFeNi every year, with total investment of USD$640million. After commissioned, the project would effectively release the shortage situation of nickel resource and promote China’s industry promotion and Indonesia mining’s development.
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