Indonesian conglomerate Kiki Barki has acquired Position, a nickel mining company owned by Solvay Group of Russia, through its Hrum (Pt. Harum Energy TBK) for US $80.32 million, taking a 51% stake in the mining company.
Ray A Gunara, General Manager of Hrum Company, said that with the rapid development of nickel industry and the popularity of new energy vehicles in the emerging industry, the strategy led by Hrum Company is to control nickel resources, therefore, to acquire nickel mines on A large scale.
In addition to Solvay's purchase of PST Nickel Mines, Hrum acquired a 4.88% stake in Australia's Nickel Mines Ltd for $26.3 million a few days ago.
Australian Nickel Mines, through Indonesia's PT. Henjaya Mineralindo, owns nickel mines in Morowali County, Central Sulawesi Province, Indonesia, and even has a ferro-nickel smelting plant in the Morowali Industrial Park, Aisan, Indonesia.
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Qinhuangdao PUDA Electronic Co., Ltd was founded in 1987, specializing in chemical industry, building materials, grain, food, mining automation packaging equipment research and development, production, sales and related services.
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