International mining company Transasia Minerals(Transasia)is set to boost Indonesia's nickel production with a $2bn processing facility in Morowali,Central Sulawesi,Indonesia.The project will be undertaken alongside Artha Bumi Mining(ABM)group following the reinstatement on 10"'November 2021 by the Indonesian Supreme Court of the company's nickel ore mining licenses.With a focus on the production of ferronickel and EV(electric vehicle)battery grade nickel sulfate-a raw material used to produce EV batteries-the project also intends to boost Indonesia's economic growth in addition to attracting foreign investment.
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