Latest news with #Tsingshan
Yahoo
21 hours ago
- Business
- Yahoo
Indonesia to sanction companies for environmental breaches at nickel industrial park
The Indonesian Government is set to impose sanctions on companies for environmental violations at the Morowali Industrial Park (IMIP), a major hub for the country's nickel production, according to a report by Bloomberg. The Ministry of Environment has cited issues such as poor wastewater management, air pollution and the use of unlicensed tailing areas. These sanctions will include government directives and fines for those found to be in breach of environmental laws. The IMIP, which houses numerous nickel smelters, will face a comprehensive audit as part of the government's crackdown. Deputy for Environmental Law Enforcement Rizal Irawan was quoted as saying: 'Sanctions on IMIP will be in the form of government directives and fines on companies proven to have violated laws." This move represents a rare but decisive step by the Indonesian Government to address the environmental impact of its rapidly expanding nickel industry. The nickel industry in Indonesia, which contributes more than half of global production, has been under scrutiny for its environmental footprint and safety concerns. The sector, predominantly owned by Chinese interests, has been rapidly growing this decade. Tsingshan Holding Group, a Chinese metals conglomerate, controls the IMIP, which has received investment of more than $30bn. Located on Sulawesi Island, the industrial park spans 2,000 hectares and employs more than 100,000 individuals. In April, the IMIP experienced a suspension of operations and increased scrutiny regarding its nickel extraction methods after a landslide. The incident sparked concerns regarding the safety of high-pressure acid leaching techniques employed in nickel extraction at the park. In a related development, the Indonesian Government recently revoked mining permits for four nickel ore companies in the Raja Ampat region. This decision followed extensive protests over environmental damage in the area, known for its exceptional marine biodiversity and status as a UNESCO Global Geopark. "Indonesia to sanction companies for environmental breaches at nickel industrial park" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
2 days ago
- Business
- Reuters
Indonesia finds environmental violations in Morowali nickel hub
JAKARTA, June 18 (Reuters) - A nickel processing hub managed by PT Indonesia Morowali Industrial Park (IMIP) has been ordered to rectify a series of "serious" environmental violations, including the construction of plants on unapproved land, the environment ministry said on Wednesday. PT IMIP built plants and conducted other activities on 1,800 hectares (4,447.9 acres) of land that were not included in IMIP's original environmental impact assessment report, the ministry said in a statement. The ministry found an estimated 12 million metric tons of illegal tailing deposits, while air pollution in the area also exceeded allowed parameters, it added. "PT IMIP must stop activities that are not covered by its environmental approval," Environment Minister Hanif Faisol Nurofiq said. The company did not immediately respond to a request for comment. On its website, the company said it is committed to maintaining sustainable and environmentally friendly operations. IMIP is the largest nickel processing hub in resource-rich Indonesia, covering a total of 4,000 hectares and has over 50 tenants, mainly makers of nickel products for stainless steel and EV battery materials, according to the company website. According to the ministry, IMIP's total industrial area stands at 2,000 hectares. IMIP counts giant Chinese steelmaker Tsingshan Holding Group among its shareholders. The ministry said it will impose fines on the company, and police will also launch an investigation into the management of hazardous and toxic tailings in the area. "We will order an environmental audit of the entire IMIP industrial area. On findings of hazardous waste tailings, we will proceed with a criminal and civil legal process," said Rizal Irawan, a senior official at the ministry.
Zawya
2 days ago
- Business
- Zawya
Iraq reviews Tsingshan's investment proposals in gas, sulphur and iron ore projects
Iraq's Industrial Coordination Council, chaired by Prime Minister Mohammed S. Al-Sudani, has reviewed investment proposals submitted by China's Tsingshan Holding Group covering gas, sulphur, and iron ore projects, according to a statement issued by the Prime Minister's Office. It said the Council discussed the privately-owned Chinese company's interest in operating the dry gas sector as part of the Basra Industrial City project. Additional proposals included investing in sulphur extraction at the Al-Lazka-2 field and the development of iron ore resources. Following the review, the Council directed the Ministry of Oil to coordinate and evaluate the proposals. (Writing by Majda Muhsen; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Bloomberg
30-05-2025
- Business
- Bloomberg
Nickel Giant Tsingshan Cuts Indonesian Stainless Steel Output
The world's biggest maker of stainless steel has suspended some production lines in Indonesia, in a bid to support prices as sluggish demand and trade uncertainty weigh on the market. China's Tsingshan Holding Group Co., also the top producer of nickel that's used in the alloy, halted some stainless steel output earlier this month at the Indonesia Morowali Industrial Park on the island of Sulawesi, according to people familiar with the matter. The move is likely to support stainless prices, while pressuring the nickel market. Both hit five-year lows in April.
Mint
30-05-2025
- Business
- Mint
Nickel Giant Tsingshan Cuts Indonesian Stainless Steel Output
(Bloomberg) -- The world's biggest maker of stainless steel has suspended some production lines in Indonesia, in a bid to support prices as sluggish demand and trade uncertainty weigh on the market. China's Tsingshan Holding Group Co., also the top producer of nickel that's used in the alloy, halted some stainless steel output earlier this month at the Indonesia Morowali Industrial Park on the island of Sulawesi, according to people familiar with the matter. The move is likely to support stainless prices, while pressuring the nickel market. Both hit five-year lows in April. The suspended lines have been placed in maintenance without a clear schedule of when they might resume, the people said, declining to be identified as they aren't authorized to speak publicly. The lack of material has led to the shutdown of a rolling mill at the site, they added. Tsingshan didn't respond to a request for comment. The company accounted for almost a third of the world's stainless production last year, according to Macquarie Group Ltd. The Chinese firm's steelmaking operations at Morowali were built to take advantage of Indonesia's dominance in nickel production. Helped by foreign investments, including from Tsingshan, the country accounts for over half the world's supply of the base metal, which also features heavily in electric-vehicle batteries. China and Indonesia produce 71% of the world's stainless steel, Macquarie said in a note in April. China's slowing economy has hit demand, while exports from both countries are threatened by the Trump administration's tariff policies. More stories like this are available on
