BRIEF-Zhejiang Huayou Cobalt, EVE Energy Plan Nickel and Cobalt Project Worth $2.08 Bln In Indonesia

Reuters

24 May 2021

May 24 (Reuters) - Zhejiang Huayou Cobalt Co Ltd

:

* SAYS UNIT, PARTNERS INCLUDING GLAUCOUS INTERNATIONAL PTE LTD, EVE ENERGY CO LTD'S UNIT, LINDO INVESTMENT PTE LTD, AGREE TO SET UP NICKEL AND COBALT PROJECT WORTH $2.08 BILLION IN INDONESIA

* SAYS THE JV WILL BE LOCATED IN INDONESIA'S WEDA BAY INDUSTRIAL PARK

* SAYS THE JV AIMS TO PRODUCE 120,000 TONNES OF NICKEL AND 15,000 TONNES OF COBALT PER YEAR

* SAYS THE JV WILL HAVE AN INITIAL PAID IN CAPITAL OF $10 MILLION

* SAYS ITS UNIT TO INVEST $2 MILLION FOR 20% STAKE IN THE JV, GLAUCOUS TO INVEST $3 MILLION FOR 30% STAKE WHILE EVE ENERGY'S UNIT WILL OWN 17% STAKE WITH $1.7 MILLION INVESTMENT

Source text in Chinese: ; Further company coverage:

(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))

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 Further company coverage:   </p><p> (Reporting by Hong Kong newsroom)</p><p>((meg.shen@thomsonreuters.com; 852-39525805;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2137180319","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2137180319","pubTimestamp":1621816334,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"May 24 (Reuters) - Zhejiang Huayou Cobalt Co Ltd :   * SAYS UNIT, PARTNERS INCLUDING GLAUCOUS INTERN","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"简介-浙江华友钴业、EVE能源计划印尼2.08亿美元镍钴项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIE":1},"content_text":"May 24 (Reuters) - Zhejiang Huayou Cobalt Co Ltd :   * SAYS UNIT, PARTNERS INCLUDING GLAUCOUS INTERNATIONAL PTE LTD, EVE ENERGY CO LTD'S    UNIT, LINDO INVESTMENT PTE LTD, AGREE TO SET UP NICKEL AND COBALT PROJECT WORTH $2.08 BILLION IN INDONESIA   * SAYS THE JV WILL BE LOCATED IN INDONESIA'S WEDA BAY INDUSTRIAL PARK   * SAYS THE JV AIMS TO PRODUCE 120,000 TONNES OF NICKEL AND 15,000 TONNES OF COBALT PER YEAR   * SAYS THE JV WILL HAVE AN INITIAL PAID IN CAPITAL OF $10 MILLION   * SAYS ITS UNIT TO INVEST $2 MILLION FOR 20% STAKE IN THE JV, GLAUCOUS TO INVEST $3 MILLION FOR 30% STAKE WHILE EVE ENERGY'S UNIT WILL OWN 17% STAKE WITH $1.7 MILLION INVESTMENTSource text in Chinese:  ;  Further company coverage:    (Reporting by Hong Kong newsroom)((meg.shen@thomsonreuters.com; 852-39525805;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}