Halmahera Resources Expects Significant Benefits Due to Higher Nickel Demand Forecast

Top Quote Halmahera Resources considers to expand nickel production once the nickel market is highly considered a growing opportunity. End Quote
  • (1888PressRelease) November 08, 2020 - Halmahera Resources, ISIN: IDA003250200, a leading low-cost producer of nickel that generates sustainable prosperity for our employees, investors and the communities in which it operates, is pleased to announce about a promising outcome related to the benefits obtained from the nickel growing market which involves practices that aim at expanding the exploration, producing and processing of nickel along with its trade. Mainly due to the electric vehicle market that faces a significant growth and results in higher demand for nickel, the company which is holding an impressive percentage of nickel resources, is looking at extra opportunities to benefit from the importance of the base metal.

    Halmahera Resources has set up a dynamic expansion plan that previously has been influenced by favorable exploration and development seasons in Indonesia during the last years. As a means of expansion, the company is planning to scale up trading in cooperation with the electric vehicle (EV) sector which is on the rise. Being a diversified natural resource company, Halmahera Resources is significantly interconnected with mining for battery metals due to its location and efficient access to outside markets like the ones developed by China, Japan and others.
    “We receive external and national support to develop our projects which will be a benefit for all involved parties, from the company’s employees to the final product users. Another positive factor is the expansion of working opportunities within mining, transportation and support services. Having the support of authorities, our experts are ready to discuss with existing and potential strategic partners to further develop the operations”, said Iwan Karim, General Manager of Halmahera Project exploration site.

    Halmahera Resources’ plans to operate in the region are going hand in hand with the ambitious plans of the authorities in regards with the country’s EV industry along with other consumers belonging to other industries. The mentioned plans are supported by outstanding exploration and processing achievements that helped the company identify possibilities for development in the upcoming future.

    About Halmahera Resources
    Halmahera Resources takes pride in being a leading low-cost producer of nickel that generates sustainable prosperity for our employees, investors and the communities in which it operates. Its primary objective is producing high-grade nickel at its Halmahera Project in Indonesia. As a byproduct of nickel mining, the company also produces cobalt, rhodium, selenium, tellurium, sulphur and other products. The Halmahera Resources’ core operations are prospecting, exploration, mining, concentration and processing of minerals along with the production, marketing and sales of non-ferrous metals. The company views firm commitment to the principles of social and environmental responsibility as a prerequisite for its sustainable and effective development.

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