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2022-05-31
Silkroad Nickel Ltd. is planning to build a nickel processing and refining (smelting) industry in the Palu Special Economic Zone (SEZ) in Central Sulawesi, Indonesia. It is estimated that the smelter needs to supply 3 million wet metric tons of nickel ore per year, which will be processed into 280,000 tons of ferronickel products per year.
Silkroad Nickel Ltd. plans to use Rotary Kiln Electric Furnace (RKEF) technology to build a nickel smelter with a capacity of 4 x 36 MVA for the first phase of the 100-hectare smelter project in Palu Special Economic Zone (SEZ), Central Sulawesi .
Silkroad Nickel Ltd. has also successfully completed an integrated exploration drilling program at the mine, aimed at updating the resource base.
Silkroad Nickel Ltd. said that with the construction of the 4 x 36 MVA smelter, it can support the government's desire to meet domestic market demand as well as future demand in the international market. The Phase II smelter project will continue to reach 8 x 36 MVA. The Silkroad Nickel Ltd. smelter construction project will add about $300 million to the value of the investment in Indonesia.
At present, Silkroad Nickel Ltd. has reached an agreement with the Central Sulawesi Provincial Government and the Palu Municipal Government on the construction of the smelter. These relate to regional companies, cooperatives, MSMEs and empowerment programmes that employ local workers.
Silkroad Nickel Ltd. is a holding company with several nickel mining subsidiaries.
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