Support The Moscow Times!

Solway to Build Smelter

JAKARTA, Indonesia — Solway Group on Thursday confirmed plans to build an Indonesian nickel smelter with the capacity to produce 50,000 tons of the metal a year.

"We expect to start production in 2014," said Vasily Tsarev, consulting partner for Solway in Indonesia, adding that capacity could be expanded to 80,000 tons. Hatta Rajasa, Indonesia's chief economic minister, said Monday that the Russian firm planned to invest $3 billion to build the smelter on Halmahera island in eastern Indonesia.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.