PT Hillcon’s subsidiary, PT HillconJaya Sakti, is committed to providing mining services with two nickel mining companies, PT Sarana Mineralindo Perkasa (SMP) and PT Adhi Kartiko Pratama (AKP).
It is known that PT SMP is located in North Morowali, Central Sulawesi and PT AKP is located in the North Konawe area, Southeast Sulawesi.
Hillcon President Director Hersan Qiu said, as a follow-up to the corporate action, his party had signed a Letter of Intent (LOI) with PT SMP and PT AKP on December 2, 2022 and December 5, 2022, respectively.
“Hillcon expects the production target of the two mining projects to be 6 million wmt per year or worth 6 million United States (US) dollars,” hersan said in his statement, Friday (23/12/2022).
Hersan explained that the decision to cooperate with PT SMP and PT AKP, which is a nickel mining company, was in accordance with Hillcon’s commitment.
“Hillcon focuses on nickel mining services. We are optimistic that we will be able to produce nickel ore with a grade of 1.5 percent and above in AKP and SMP,” he said.
He added, the location of PT SMP is one area with PT Stardust Estate Investment (SEI), and the location of PT AKP is adjacent to the smelters of PT Virtue Dragon Nickel Industry and PT Obsidian Stainless Steel in Morosi, Southeast Sulawesi.
“Mining products from AKP and SMP are likely to be absorbed by smelters in the region,” he said.
Ad for You: Diabetes Is Starting to Feel on the Legs? Immediately do this method gradually In addition to securing commitments from two nickel mining companies, Hillcon previously secured an infrastructure project contract in the SEI industrial park worth $123 million.
“The project value and port construction cooperation contract will come into effect in 2023,” concluded Hersan.
Image source —> WARTA KOTA/Henry Lapolalan