Nickel: Vale Indonesia signs agreement with Shandong Xinhai and Baowu for $2 billion project

Nickel mining company PT Vale Indonesia on Tuesday signed an investment agreement with Chinese companies Shandong Xinhai Technology Co. Ltd and China Baowu Steel Group Corp. Ltd to develop Vale's project on the island of Sulawesi. Vale Indonesia CEO Ferbiany Eddy said during the agreement signing ceremony that the project will cost about $2.1 billion […]