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Gem Co.,Ltd. (002340.SZ): Signed an investment agreement with Vale SA's Indonesian company to jointly build the HPAL plant for green nickel resources.
On November 10th, gem co.,ltd. (002340.SZ) announced that on November 10, 2024, the company signed a project investment cooperation framework agreement with PT Vale Indonesia Tbk (referred to as "PTVI" or "vale sa Indonesia") under the witness of the President of Indonesia. Both parties will jointly build a nickel resource high-pressure acid leaching green smelter (referred to as "HPAL plant") and its supporting infrastructure in Central Sulawesi Province, Indonesia, with zero carbon, intelligent, and good esg standards as the design concept, from a mining area of PTVI in the future.