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BASF and Eramet team up to assess nickel-cobalt complex

Kitco News

BASF and Eramet announced today the two have signed an agreement to
jointly assess building a nickel and cobalt hydrometallurgical refining
complex.

The complex would have a high-pressure acid leaching plant, which would be located in Weda Bay, Indonesia. The location of the base metal refinery (BMR) would depend upon the results of the feasibility study.

"The HPAL plant will process locally secured mining ore from the Weda Bay deposit to produce a
nickel and cobalt intermediate. Since the acquisition of Weda Bay in 2006, Eramet carried out
extensive geological work and confirmed the potential of this world-class deposit whose mining
operations started at the end of 2019," writes the two companies in the joint news release.

The project targets a start-up of the HPAL and BMR facilities in the mid-2020s and will commence
in the first phase feasibility study with limited funding.

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