On July 31st, Gelunhui reported that *ST Zhongcheng (300208.SZ) announced that its Indonesian subsidiary PT.Bumi Morowali Utama (hereinafter referred to as "BMU") recently received notification from the Indonesian Ministry of Energy and Mineral Resources (hereinafter referred to as "MEMR") that its 2024-2026 mining plan and budget application (hereinafter referred to as "RKAB") has been approved.
The Indonesian subsidiary BMU of the company recently received approval for the PT Bumi Morowali Utama 2024-2026 project RKAB IUP (number: T-1186/MB.04/DJB.M/2024) from the Indonesian Ministry of Energy and Mineral Resources. According to the documents, MEMR approved the production capacity of BMU's RKAB from 2024 to 2026 based on its evaluation of the documents provided by BMU, namely: (1) maximum nickel production in 2024 is 200,000 tons; (2) maximum nickel production in 2025 is 0 tons; (3) maximum nickel production in 2026 is 0 tons.