JAKARTA : Indonesian conglomerate Bakrie & Brothers is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday.Also known as the Bakrie Group, which has interests in coal mini
JAKARTA : Indonesian conglomerate Bakrie & Brothers is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday.
The company's chief executive Anindya Bakrie told a forum on the sidelines of the World Economic Forum in Davos this week the planned 2,000-hectare park will need $9 billion worth of investments for everything from nickel smelting to manufacturing batteries. "[The mine will] have enough reserves for around 140 Gigawatt-hours in the next 25 years," he told reporters, without disclosing further details.
It also aims to produce 20 GWh worth of EV batteries per year by 2028 for both domestic and export markets, he said.
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