Halmahera Resources Ready to Face the Increased Demand for Class I and Class II Nickel

Halmahera Resources, ISIN: IDA003250200, a leading low-cost producer of nickel that generates sustainable prosperity for our employees, investors and the communities in which it operates, is pleased to announce the establishment of sustainability goals in order to comply with high demand for Class I and II of nickel. The actual challenge is to increase nickel supply while complying with environmental and social requirements.

Taking into consideration that nickel is one of the most technically demanding metals that requires processing and refining, Halmahera Resources is ready to take under control further challenges. As per various circumstances, mining methods and processing technology as well as waste management will be updated according to upcoming standards in order to follow environmental, social and corporate governance requirements.

Apart from the electric vehicle market, a high demand is registered by the stainless-steel industry. Both Class I and Class II nickel are used in order to produce stainless steel with certain divergences while for the electric vehicle market it is of significant importance which type of nickel is being used as the type of nickel used influences on the performance of the batteries. In addition, due to the peculiarities of another battery raw material which is cobalt, electric vehicle manufacturers and their customers demand for raw materials that are mined and refined under appropriate environmental conditions.

“We are ready to implement necessary measures to contribute to a clean nickel industry. This is possible through a close connection with up-to-date technologies, steady care for costumer needs and fortified development goals. We will address the existing challenges related to mining, refining and tailings management and this will help us position ourselves as contributors to a clean nickel industry”, said Hashim T.Panigoro, Chairman and CEO at Halmahera Resources.

About Halmahera Resources
Halmahera Resources takes pride in being a leading low-cost producer of nickel that generates sustainable prosperity for our employees, investors and the communities in which it operates. Its primary objective is producing high-grade nickel at its Halmahera Project in Indonesia. As a byproduct of nickel mining, the company also produces cobalt, rhodium, selenium, tellurium, sulphur and other products. The Halmahera Resources’ core operations are prospecting, exploration, mining, concentration and processing of minerals along with the production, marketing and sales of non-ferrous metals. The company views firm commitment to the principles of social and environmental responsibility as a prerequisite for its sustainable and effective development.

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