KONTAN.CO.ID - JAKARTA. Indonesian nickel company PT Trimegah Bangun Persada (TBP), part of conglomerate Harita Group, aims to increase its processing capacity using some of the proceeds from a planned initial public offering in April, its top executive said on Friday. On Wednesday TBP, also known as Harita Nickel, announced it wanted to raise $650 million in the IPO, though it had obtained regulator's approval to sell up to 15.12 trillion rupiah ($985.66 million) worth of shares. The company in its partnership with China's Lygend Resources currently operates a high pressure acid leach (HPAL) plant in Indonesia's eastern Obi island, with an output capacity of 96,000 tonnes of mixed hydroxide precipitate (MHP), 160,000 tonnes of nickel sulphate and 20,000 tonnes of cobalt sulphate, according to its website.
Indonesia's Trimegah Bangun Persada Plans Expansion in Nickel Processing After IPO
KONTAN.CO.ID - JAKARTA. Indonesian nickel company PT Trimegah Bangun Persada (TBP), part of conglomerate Harita Group, aims to increase its processing capacity using some of the proceeds from a planned initial public offering in April, its top executive said on Friday. On Wednesday TBP, also known as Harita Nickel, announced it wanted to raise $650 million in the IPO, though it had obtained regulator's approval to sell up to 15.12 trillion rupiah ($985.66 million) worth of shares. The company in its partnership with China's Lygend Resources currently operates a high pressure acid leach (HPAL) plant in Indonesia's eastern Obi island, with an output capacity of 96,000 tonnes of mixed hydroxide precipitate (MHP), 160,000 tonnes of nickel sulphate and 20,000 tonnes of cobalt sulphate, according to its website.